The AUDJPY market is positive and will most likely continue in the same trend
The bulls remain dominant in the market.
AUDJPY Weekly Price Analysis – April 16
At the moment the AUDJPY market is trading in an uptrend. Should the bulls prove stronger and the Yen price sustains above the $98.388 high level, the potential rally could surge higher to hit the $100.00 upper resistance level and beyond. 
AUDJPY Market
Key Levels:
Resistance levels: $95.500, $95.600, $95.700
Support levels: $87.000, $86.000, $85.000
AUDJPY Long-term Trend: Bullish (Daily chart)
The momentum on the long-term outlook looks bullish as can be seen from the chart above. The price of AUDJPY is currently trading at the resistance above the moving averages. So it
seems that the bulls are about to take over and push us higher.
The long traders caused a rise to the $90.171 supply value during yesterday’s session which has made the Yen price remain firm above the supply levels in its recent high.
The momentum remains despite the push from the short traders down to the $89.506 support value above the two EMAs as the daily chart resumes today. This trend pattern proves the impact of bullishness on the currency pair.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong breakup above the $95.444 resistance point would strengthen the bullish pressure.
In addition, Should the AUDJPY price turn up from the $89.506 support and jump above the $98.388 supply mark, the bearish thesis would get invalidated and the Yen price could hit the
$100.000 upper supply trend level in the days to come in its long-term outlook.
AUDJPY Medium-term Trend: Bullish (4H chart)
The AUDJPY price is in an upward move and positive in its medium-term time frame. The bulls are having the market price at their disposal.
The price action at an $89.758 supply level above the two moving averages shortly after the opening of the 4-hourly chart indicates a high buying level from the bulls. Thus, staying above the moving average will make it capable for the Yen to rise further.
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 possibly accelerate to the $100.00 upper resistance mark in the days ahead in its medium-term outlook.
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