The currency pair is in a bullish scenario.
The bulls remain dominant at the present.
AUDJPY Weekly Price Analysis – February 19
At the moment the AUDJPY market may have strong momentum upwards to test the upper resistance zone before another drop. If the price closes above the $98.388 supply level, the Yen will keep rising and this might lead the price to the $100.00 upper resistance level.
AUDJPY Market
Key Levels:
Resistance levels: $93.000, $94.000, $95.000
Support levels: $90.000, $89.000, $88.000
AUDJPY Long-term Trend: Bullish
The AUDJPY pair is in a bullish market zone in its higher time frame as can be seen from the chart above. The price is currently recovering and trades above the supply levels; this is an indication of an uptrend.
The bulls’ pressure on the currency pair to the $93.036 high level on February 14th has contributed to its bullishness in its recent high.
After completing the downside moves at the $91.946 low value during yesterday’s session the bulls made a correction to the $90.080 supply value as the daily chart opens today.
Additional efforts by the bulls further triggered the price of AUDJPY up to the $92.401 resistance level above the moving average lines. This implies that the long traders are in charge and also in control of the market prices at the present. This, however, may give the buy traders the motive to influence the price tendency.
Meanwhile, the pair is in an uptrend on the daily stochastic. This suggests a bullish continuation and more pumps to the upside; this will enable the bulls to continue the ongoing rally and the $100.000 upper resistance trend line or beyond might be reached soon in its long-term outlook.
AUDJPY Medium-term Trend: Bullish
The market value of AUDJPY in the medium-term time frame (4H) is seen above the moving averages. This means that the market is in a bullish trend zone. 
The sustained bullish pressure in the previous action has sustained Yen’s price above the supply trend levels in its recent high.
The price action increased significantly to the $92.168 high value above the moving average lines as the 4-hourly chart opens today.
Buyers’ activities further swing up the market price of AUDJPY to the $92.341 supply level as the bulls aim to continue with the trend.
Hence, the daily stochastic which is pointing upwards at around level 36% indicates that the price of AUDJPY is in upward momentum and may likely remain or continue in the same direction, as a result of this, the bulls might push the price of the Yen further up to the $100.000 upper high mark in the nearby days in its medium-term outlook.
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