{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-drops-sharply-uptrend-likely-to-resume-3\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-drops-sharply-uptrend-likely-to-resume-3\/","headline":"AUDJPY \u2013 Drops Sharply, Uptrend Likely To Resume","name":"AUDJPY \u2013 Drops Sharply, Uptrend Likely To Resume","description":"AUDJPY is preparing for the next bullish trend, a breakup is imminent. The sell traders may have temporal control in the marketAUDJPY Weekly Price Analysis \u2013 May 14AUDJPY is facing the negative side at the moment. The market price could turn positive if the buy traders should increase their buying pressure and close the daily […]","datePublished":"2023-05-14","dateModified":"2023-05-14","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\/2023\/05\/AUDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/05\/AUDJPY-LNT.png","height":546,"width":1280},"url":"https:\/\/forexschoolonline.com\/audjpy-drops-sharply-uptrend-likely-to-resume-3\/","about":["AUD\/JPY","Forex Trading Tools","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":485,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"AUDJPY is preparing for the next bullish trend, a breakup is imminent. The sell traders may have temporal control in the marketAUDJPY Weekly Price Analysis \u2013 May 14AUDJPY is facing the negative side at the moment. The market price could turn positive if the buy traders should increase their buying pressure and close the daily chart above the $95.444 supply value, then there is a high probability of the price going up to its recent swing high, which is the $98.388 level.AUDJPY MarketKey Levels:Resistance levels: $91.000, $92.000 $93.000Support levels: $89.000, $88.000, $87.000AUDJPY Long-term Trend: BullishThe AUDJPY pair is in a bullish trend zone in its long-term outlook. The high impact from the bulls during in the past few days has really made and sustained the pairs\u2019 bullish momentum in its recent low. The sell traders made their way into the market and dropped the price value of AUDJPY down to a $90.177 low level as the daily chart opens today.The impulsive move by the sellers\u2019 further dropped the price of AUDJPY down to the $89.912 support level above the EMA-50, but below the EMA-9 approaching the lower support level; this means that the bears are getting weaker while the bulls are gradually coming into the market to stage a play. With this trend, a breakup is imminent.In addition to this, the price of the Yen now approaches the oversold region of the daily stochastic. This indicates that the selling momentum might possibly end soon.If this is achieved, we can now expect the buy traders to resume the upward runs, $98.388 previous swing high might be the target in the days ahead in its long-term outlook.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 the $89.791 support value during yesterday\u2019s session and has made the Yen trade below the supply trend levels in its recent low.Exhaustion sets in as the bulls return briefly and push the price of AUDJPY up to a $90.132 resistance level below the two EMAs as the 4-hourly chart opens today. An indication of more pulls from buyers while the selling pressure is fading off gradually.The impulsive move by the long traders further increases the price of AUDJPY up to the $90.265 supply level below the moving averages; this means that the bulls are returning gradually into the market to stage a play. Additionally, the price of the Yen pointing up in the oversold region of the daily stochastic indicates that the buying momentum has just started. We can now expect the buy traders to resume the bullish trend pattern. Thus, the price of AUDJPY might extend to the $98.388 supply value in the coming days in its medium-term outlook.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. "}