{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-declining-and-facing-more-downsides\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-declining-and-facing-more-downsides\/","headline":"AUDJPY: Declining And Facing More Downsides","name":"AUDJPY: Declining And Facing More Downsides","description":"AUDJPY price now trades below the EMAs at a level of $83.638 in the resistance area. The bears seem to be in control of the marketAUDJPY Weekly Price Analysis – July 4AUDJPY price slips back beneath 9days EMA as bears looking to gain market momentum.AUDJPY MarketKey Levels:Resistance levels:\u00a0 $84.000, $84.100, $84.200Support levels:\u00a0 \u00a0 \u00a0 $80.500, […]","datePublished":"2021-07-04","dateModified":"2021-07-04","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\/07\/EURJPY-Forex-Sch.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/EURJPY-Forex-Sch.png","height":684,"width":1102},"url":"https:\/\/forexschoolonline.com\/audjpy-declining-and-facing-more-downsides\/","about":["AUD\/JPY","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":352,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"AUDJPY price now trades below the EMAs at a level of $83.638 in the resistance area. The bears seem to be in control of the marketAUDJPY Weekly Price Analysis – July 4AUDJPY price slips back beneath 9days EMA as bears looking to gain market momentum.AUDJPY MarketKey Levels:Resistance levels:\u00a0 $84.000, $84.100, $84.200Support levels:\u00a0 \u00a0 \u00a0 $80.500, $80.400, $80.300AUDJPY Long-term Trend: BearishThe AUDJPY pair is in a downtrend in its long-term perspective. . The impulse move by the bulls move the trend of AUDJPY up to $83.350 in the resistance area before the close of yesterday\u2019s session.Today\u2019s daily chart opens at $83.269 in the resistance area as the buyers manage to sustain the trend. The price of AUDJPY is initially up at $83.638 below the two EMAs in the resistance area, an indication of downward momentum in the price of the pair.Hence, the stochastic signal pointing up at around level 43 % in the oversold region is an indication that the AUDJPY pair may likely encounter a change in the trend in the days ahead, and in this case an uptrend.AUDJPY Medium-term Trend: BullishOn the 4-hour chart, the currency pair is in an upward move. Pressure from the sellers pushed the price of the AUDJPY pair down to $83.257 in the support area before the close of yesterday\u2019s session.Today\u2019s 4-hourly chart opens with the formation of a bearish doji candle at $83.319 in the support area. An indication of a trend reversal. Price further drops down to $83.061 in the support area.The bulls return briefly and move the price of AUDJPY up to $83.425 in the resistance area. Activities from the bulls further move the price up at $83.461 in the resistance area.Price is initially up at $83.638 above the two EMAs in the resistance area this indicates that buyers are on track.The signal of the stochastic oscillator pointing up at around level 71% in the overbought region implies upward momentum in the price of AUDJPY 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."}