{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-expecting-more-downsides\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-expecting-more-downsides\/","headline":"AUDJPY \u2013 Expecting More Downsides","name":"AUDJPY \u2013 Expecting More Downsides","description":"AUDJPY is preparing for the next bearish trend, breakdown imminent. The buy traders may have temporal control in the marketAUDJPY Weekly Price Analysis – August 28AUDJPY is facing the negative side at the moment. The sell traders are gradually putting heads into the market. Now, if the price on the daily chart closes below $95.231, […]","datePublished":"2022-08-28","dateModified":"2022-08-28","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\/2022\/08\/AUDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/08\/AUDJPY-LNT.png","height":546,"width":1280},"url":"https:\/\/forexschoolonline.com\/audjpy-expecting-more-downsides\/","about":["AUD\/JPY","Forex Trading Tools","FX Technical Analysis","Trade Setups"],"wordCount":413,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"AUDJPY is preparing for the next bearish trend, breakdown imminent. The buy traders may have temporal control in the marketAUDJPY Weekly Price Analysis – August 28AUDJPY is facing the negative side at the moment. The sell traders are gradually putting heads into the market. Now, if the price on the daily chart closes below $95.231, then there is a high probability of the price going down to its recent swing low, which is $94.618.AUDJPY MarketKey Levels:Resistance levels: $95.600, $95.700 $95.800Support levels:\u00a0 $94.600, $94.500, $94.400AUDJPY Long-term Trend: BullishThe currency pair is in a bullish trend zone in its long-term outlook. The high impact from the buyers during yesterday\u2019s session really made and sustained the pairs\u2019 bullish momentum. The sellers made their way into the market and drop the price value of AUDJPY down to a $95.231 low level as the daily chart opens today.The impulsive move by the sellers further drops the price of AUDJPY down to the $94.618 support level above the moving averages; this means that the bulls are getting weaker while the bears are gradually coming into the market to stage a play. With this trend, a breakdown is imminent.In addition to this, the price of the Yen pointing down in the overbought region of the daily stochastic indicates that the buying momentum has ended, we can now expect the sell traders to resume the downward runs, if this is achieved the target might be $87.302 support level.AUDJPY Medium-term Trend: BullishOn the 4-hourly chart, the currency pair is in a bullish market area. Pressure from the buyers moved the market price of the AUDJPY pair up to the $95.436 resistance level. The momentum was lost as the sellers moved into the market and dropped the price of the Yen down to a $95.038 support level before the end of yesterday\u2019s session.Exhaustion sets in as the bears return briefly and drop the price down to a $94.619 low level below the EMA-9 as the daily chart opens today. An indication of more pulls from the sellers while the buying pressure is fading off gradually.The pair is around level 58% of the daily stochastic approaching the oversold region also indicates that the price of AUDJPY is in a downtrend and may likely remain in the same direction in the nearby days in the medium-term.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."}