The pair maintains strength above supply trend levels
The bulls remain dominant in the market.
AUDJPY Weekly Price Analysis – February 18
At the moment, the AUDJPY market is trading strongly and maintains strength above the supply trend levels. Should the bulls prove stronger and the Yen price sustain above the $98.58 high level, the potential rally could surge higher to hit the $99.00 upper resistance level and beyond, resulting in an intraday gain and the best forex signal for buyers.
AUDJPY Market
Key Levels:
Resistance levels: $96.00, $97.00, $98.00
Support levels: $94.00, $93.00, $92.00
AUDJPY Long-term Trend: Bullish (Daily chart)
AUDJPY turns positive and maintains strength above the supply trend levels today, as can be seen from the daily chart below. 
The Yen price now trades very close to the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the Yen market.
The long traders caused a rise to the $97.85 supply value during yesterday’s session which has made the Yen price remain firm above the supply levels in its recent high.
Today, the bulls successfully pushed the price of AUDJPY up to the $98.07 high mark above the resistance trend lines as the journey up north continues and it maintains strength above the supply trend levels as the daily chart opens.
This indicates that the bulls remain dominant and have the market price at their disposal at the moment. Further increase in the buying pressure might lead the price of AUDJPY to retest the previous high of $98.58 high mark soon.
In addition to that, the price of AUDJPY indicates an uptrend while pointing upward in the stochastic oscillator, this suggests that the bullish pattern may continue and it might accelerate to the $99.00 upper resistance mark soon as the Yen price maintains strength above the supply trend levels in its long-term outlook.
AUDJPY Medium-term Trend: Bullish (4H chart)
Despite the interference of short-term traders in the price flow, the AUDJPY pair maintains strength above supply trend levels in the medium-term outlook. 
The Yen price can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
The bullish impact on the currency pair to the $97.85 supply level during the previous action has sustained its firmness above the supply levels.
Today, the bulls made an upward move to the $98.01 high value above the moving average lines as the 4-hourly chart opens . The AUDJPY pair looks promising as the bulls remain dominant and maintain strength above supply trend levels in the market at the moment.
If the bulls should increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Trading above the moving averages will enable the market value of AUDJPY to keep pushing up. With the daily stochastic indicating an upward trend, if the bulls should add more aggression to their activities in the market, the $99.00 resistance level might be reached soon as the pair maintains strength above supply trend levels in its medium-term time frame.
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