{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-drops-sharply-uptrend-likely-to-resume-2\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-drops-sharply-uptrend-likely-to-resume-2\/","headline":"AUDJPY: Drops Sharply, Uptrend Likely To Resume","name":"AUDJPY: Drops Sharply, Uptrend Likely To Resume","description":"The upward move still dominates both the long-term and the medium-term outlooks The pair is slightly going in favor of the bulls.AUDJPY Weekly Price Analysis – November 14AUDJPY price may continue buying pressure as it faces rejection at level $83.114. AUDJPY MarketKey Levels:Resistance levels:\u00a0 $83.200, $83.300 $83.400Support levels:\u00a0 \u00a0 \u00a0 $78.800, $78.700, $78.600AUDJPY Long-term Trend: […]","datePublished":"2021-11-15","dateModified":"2021-11-15","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\/11\/AUDJPYLNT-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/AUDJPYLNT-1.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-drops-sharply-uptrend-likely-to-resume-2\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":311,"keywords":["AUSDJPY","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"The upward move still dominates both the long-term and the medium-term outlooks The pair is slightly going in favor of the bulls.AUDJPY Weekly Price Analysis – November 14AUDJPY price may continue buying pressure as it faces rejection at level $83.114. AUDJPY MarketKey Levels:Resistance levels:\u00a0 $83.200, $83.300 $83.400Support levels:\u00a0 \u00a0 \u00a0 $78.800, $78.700, $78.600AUDJPY Long-term Trend: BullishThe currency pair is bullish on the daily chart. . The impulsive move by the bears at $83.114 in the support area during yesterday\u2019s session is resisted today as the bulls resume to the market.The daily chart today opens at $83.124 in the resistance area as the bulls return briefly to the market. The momentum in price moves up to $83.496 in the resistance area as it journeys up north.AUDJPY now trades at $83.559 below the EMA-9 in the resistance area; an indication that the bulls are in the dominance of the currency pair.The daily stochastic oscillator signal pointing upwards at around level 16% in the oversold region, implies that the pair is likely to further increase on the upside, and more buyers are expected to emerge soon in the long-term perspective.AUDJPY Medium-term Trend: BullishOn the 4-hourly chart, the pair is in an uptrend. The pair faces rejection at level $83.119 as the pair resumes an upward move.The currency price that broke the EMA-9 at $83.499 AUD\/JPY is in a bullish trend zone.The price of AUDJPY is currently at $83.599 in the resistance area above the EMA-9, an indication that the bulls are in control of the market at the moment.However, the daily stochastic pointing upwards at around level 33% in the oversold region is an indication that the trend might likely continue in an uptrend in the nearby days.Note:\u00a0Forexschoolonline.com\u00a0is 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. "}