{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-ascending-to-the-100-00-supply-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-ascending-to-the-100-00-supply-level\/","headline":"AUDJPY: Price Ascending to the $100.00 Supply Level","name":"AUDJPY: Price Ascending to the $100.00 Supply Level","description":"The currency pair remains in an upside move, ascending to the upper high level.The bulls are still dominating the market at the moment.AUDJPY Weekly Price Analysis \u2013 March 17The AUDJPY pair is facing an increase in buying pressure ascending to the upper resistance area. The Yen could continue to rise upward if it breaks up […]","datePublished":"2024-03-17","dateModified":"2024-03-17","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\/2024\/03\/AUDJPY-LNT1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/03\/AUDJPY-LNT1.png","height":586,"width":1080},"url":"https:\/\/forexschoolonline.com\/audjpy-price-ascending-to-the-100-00-supply-level\/","about":["AUD\/JPY","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Trade Idea","Trade Setups"],"wordCount":456,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"The currency pair remains in an upside move, ascending to the upper high level.The bulls are still dominating the market at the moment.AUDJPY Weekly Price Analysis \u2013 March 17The AUDJPY pair is facing an increase in buying pressure ascending to the upper resistance area. The Yen could continue to rise upward if it breaks up the $99.05 resistance value and the daily candle closes above the mentioned resistance. The $100.00 upper supply level might be the target. AUDJPY MarketKey Levels:Resistance levels: $95.00, $96.00, $97.00Support levels: $87.00, $86.00, $85.00AUDJPY Long-term Trend: BullishThe momentum on the long-term outlook looks bullish as can be seen from the chart above. The price of AUDJPY is ascending to the upper resistance zone and is currently trading at the resistance above the moving averages. So it seems the bulls are about to take over and push us higher.The sustained pressure from the bulls at the $97.80 supply level in the past few days has made the Yen price retain its upward growth in its recent high.After completing the low of yesterday at $97.42 value, the market value of AUDJPY spikes up to the $97.71 high level above the EMA-50 as the daily session begins today; this however indicates an uptrend in the momentum of the price of the Yen. Hence, the currency pair is ascending and could grow further if the buy traders break up the $99.05 previous high level, maintaining a further growth potential for the buy traders.Additionally, the momentum indicator shows that the price of AUDJPY is ascending to the upper resistance channel by pointing upwards at around level 42% as we expect the price distribution to reach the $100.00 significant level at the upsides in the days ahead in its long-term perspective.AUDJPY Medium-term Trend: BullishOn the 4-hour chart, the pair is in an ascending channel. The price movement of AUDJPY is currently seen to be in the bull\u2019s direction in the medium-term outlook.Despite the moves from the short traders, the bulls managed to push the price of the Yen up to the $97.67 supply level during the previous session and sustained its upward momentum in its recent high.The journey up north continues as the bulls caused a rise again to the price of AUDJPY to the $97.71 resistance value above the moving averages as the 4-hourly chart opens today. This indicates more active buy traders in the price flow.The stochastic oscillator signal pointing up at around level 54% suggests that the price of AUDJPY may continue its ascending rally and may get to the $100.00 upper high level soon in its medium-term outlook.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."}