{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-drops-sharply-uptrend-likely-to-resume\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-drops-sharply-uptrend-likely-to-resume\/","headline":"AUDJPY : Drops Sharply, Uptrend Likely To Resume","name":"AUDJPY : Drops Sharply, Uptrend Likely To Resume","description":"The AUDJPY pair now trades at the support area.The bears may continue the journey to the lower support area. AUDJPY Weekly Price Analysis – August 8AUDJPY finds support at $81.014, bulls may take over. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$85.000, $85.010 $85.020Support levels:\u00a0 \u00a0 \u00a0 \u00a0$80.010, $80.005, $80.000AUDJPY Long-term trend: BullishAUDJPY still remains in a bullish […]","datePublished":"2021-08-08","dateModified":"2021-08-08","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\/AUD-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/AUD-LNT.png","height":532,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-drops-sharply-uptrend-likely-to-resume\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":332,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"The AUDJPY pair now trades at the support area.The bears may continue the journey to the lower support area. AUDJPY Weekly Price Analysis – August 8AUDJPY finds support at $81.014, bulls may take over. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$85.000, $85.010 $85.020Support levels:\u00a0 \u00a0 \u00a0 \u00a0$80.010, $80.005, $80.000AUDJPY Long-term trend: BullishAUDJPY still remains in a bullish zone in its long-term outlook. The bulls made a progressive movement to the north with a touch at the 9-EMA and stayed above it at $81.353 in the resistance area as the high attained by the pair on the 5th of August.Today\u2019s daily chart at $81.202 in the support area opens on a bearish note. AUDJPY further drops to $81.014 in the support area above the EMA-9; this implies an uptrend in the context of the strength of the market. Meanwhile, the stochastic oscillator signal pointing up at around level 60% indicates the momentum in the price of the Yen is in an upward trend and may continue in that trend 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 $81.202 in the support area during yesterday\u2019s session.The journey downwards continues as the 4-hourly chart opens today at $81.215 in the support area. Buyers return briefly and move the price of AUDJPY up to $81.356 with a bullish inverted hammer candle, an indication of a trend reversal.Bears resume afterward and drop the price of the Yen down to $ 81.022 in the support area.AUDJPY is initially down at $81.014 below the EMA-9 in the support area, this indicates that sellers are dictating the market at the moment.However, the stochastic oscillator signal pointing downwards at around level 65% suggests that the price of AUDJPY may likely continue in the same direction 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."}