{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-declines-beneath-79-827-maintains-downtrend\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-declines-beneath-79-827-maintains-downtrend\/","headline":"AUDJPY : Declines Beneath $79.827, Maintains Downtrend","name":"AUDJPY : Declines Beneath $79.827, Maintains Downtrend","description":"The AUDJPY pair now trades at the lower support area.Responsible selling may be considered in key areas. AUDJPY Weekly Price Analysis – August 22The bearish trend may continue provided the $78.244 support level holds.AUDJPY MarketKey Levels:Resistance levels:\u00a0 $85.270, $85.280 $85.290Support levels:\u00a0 \u00a0 \u00a0 $78.250, $78.240, $78.230AUDJPY Long-term trend: BearishAUDJPY still remains in a bearish zone […]","datePublished":"2021-08-22","dateModified":"2021-08-22","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/AUDLNT-4.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/AUDLNT-4.png","height":549,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-declines-beneath-79-827-maintains-downtrend\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":379,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"The AUDJPY pair now trades at the lower support area.Responsible selling may be considered in key areas. AUDJPY Weekly Price Analysis – August 22The bearish trend may continue provided the $78.244 support level holds.AUDJPY MarketKey Levels:Resistance levels:\u00a0 $85.270, $85.280 $85.290Support levels:\u00a0 \u00a0 \u00a0 $78.250, $78.240, $78.230AUDJPY Long-term trend: BearishAUDJPY still remains in a bearish zone in its long-term outlook. After retesting the support level of $79.827 by the bears on the 18th of August in the support area and also breaking the support line had sustained the currency pair to have a strong support zone.The bears made a progressive movement to the south with a touch at the support line and stayed below it at $78.244 in the support area as the low attained by the pair on the 19th of August.A bullish doji candle at $78.353 opens today\u2019s daily chart in the resistance area, an indication of a trend reversal.The price of AUDJPY is up at $78.632 in the resistance area below the EMAs, this suggests that the sellers are in control of the market. Hence, the stochastic signal pointing up at around level 8% in the oversold area suggests that the momentum in the price of AUDJPY may likely encounter a change in trend in the days ahead in the long term.AUDJPY Medium-term trend: BearishOn the medium-term outlook, the momentum is in a downward trend. The sustained bearish pressure pushed the pair down to $78.353 in the support area during yesterday\u2019s session.The journey downwards continues as the 4-hourly chart opens today at $78.579 in the support area. Activities from the sellers further drop the price down to $77.895 in the support area. Bulls stage a return and push the price of AUDJPY up to $78.534 in the resistance area.Bears took over and drop the price of the Yen down to $78.312 below the two EMAs in the support area; this implies that the momentum in the price of AUDJPY is in a downtrend. The stochastic signal pointing up at around level 20% in the oversold region, suggests that the pair may likely encounter a trend reversal in the nearby days in the medium-term.Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}