{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-preparing-for-next-bullish-trend-breakout-imminent\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-preparing-for-next-bullish-trend-breakout-imminent\/","headline":"AUDJPY: Preparing For Next Bullish Trend, a Breakout Imminent","name":"AUDJPY: Preparing For Next Bullish Trend, a Breakout Imminent","description":"The pair is in a bearish trend in its overall outlook.Sellers are in control of the market at the present. Traders may consider selling with a bearish reversal candle stick pattern as confirmation.AUDJPY Weekly Price Analysis \u2013 November 21Should the support level of $82.397 holds, the price may reverse and face the resistance levels of […]","datePublished":"2021-11-21","dateModified":"2021-11-22","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\/11\/AUDJPY-LNT-3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/AUDJPY-LNT-3.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-preparing-for-next-bullish-trend-breakout-imminent\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":430,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"The pair is in a bearish trend in its overall outlook.Sellers are in control of the market at the present. Traders may consider selling with a bearish reversal candle stick pattern as confirmation.AUDJPY Weekly Price Analysis \u2013 November 21Should the support level of $82.397 holds, the price may reverse and face the resistance levels of $83.102, $83.258, and $83.802.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 $83.350, $83.450, $83.500Support levels:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0$78.000, $77.000, $76.000AUDJPY Long-term Trend: BearishThe currency pair is in a bearish trend zone in its long-term outlook. The bulls increased momentum moved the price up to $83.258 in the resistance area, during yesterday\u2019s session. Price at $83.102 in the resistance area remains the close of the day.The momentum lost as exhaustion sets in with the formation of the bearish candle at $83.102 in the support area as the daily chart opens today.The journey down south continues as the bears further drop the price of AUDJPY down to $82.397 in the support area.The price of the Yen is initially down at $82.157 in the support area below the two EMAs, an indication of a downtrend in the momentum of the price of AUDJPY.The stochastic signal pointing down at around level 6% in the oversold region suggests that the price of the Yen is in a downtrend and this will compel the buying pressure to resume in the long term.AUDJPY Medium-term Trend: BearishToday\u2019s 4-hourly opening candle at $83.203 in the resistance area is bullish as the bulls return briefly into the market. Looks like the price will want to bounce up again in the medium-term.The buyers lost the momentum, the bear\u2019s in-road, and drop the price of AUDJPY down to $82.536 in the support area with a long bearish candle breaking the EMA-9, as the journey down south continues.The sellers further drop the price of the Yen down to $ 82.159 in the support area after which the buyers return briefly and move the price of AUDJPY up at $ 82.818 in the resistance area.Activities from the sellers now drop the price of AUDJPY down at $82.397 in the support area below the two EMAs, an indication of a downtrend in the context of the strength of the market.The stochastic signal pointing up at around level 19% in the oversold region suggests that the momentum in the price of AUDJPY will likely experience a change in trend and in this case an uptrend in the medium-term.Thus, a buy signal.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."}