{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-ascending-to-the-100-000-supply-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-ascending-to-the-100-000-supply-level\/","headline":"AUDJPY: Price Ascending to the $100.000 Supply Level","name":"AUDJPY: Price Ascending to the $100.000 Supply Level","description":"The currency pair remains in an upside move.The bulls are still dominating the market at the moment.AUDJPY Weekly Price Analysis \u2013 April 2The AUDJPY pair is facing an increase in buying pressure. The Yen could continue to rise upward if it breaks up the $98.388 resistance value and the daily candle closes above the mentioned […]","datePublished":"2023-04-02","dateModified":"2023-04-02","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\/2023\/04\/AUDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/04\/AUDJPY-LNT.png","height":546,"width":1280},"url":"https:\/\/forexschoolonline.com\/audjpy-price-ascending-to-the-100-000-supply-level\/","about":["Forex Trading Tools","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":485,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"The currency pair remains in an upside move.The bulls are still dominating the market at the moment.AUDJPY Weekly Price Analysis \u2013 April 2The AUDJPY pair is facing an increase in buying pressure. The Yen could continue to rise upward if it breaks up the $98.388 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: $93.000, $94.000, $95.000Support levels: $87.000, $86.000, $85.000AUDJPY Long-term Trend: BullishDespite the interference of sellers in the price flow, the daily chart market of AUDJPY shows a bullish race. Price is trading above the support of the price channel again. This however confirms the presence of a more bullish impact on the currency pair.The Yen has been making higher highs and higher lows in the previous actions at the $89.086 supply value; this has made it possible for the price to maintain an uptrend in its recent high.The market value spikes up to the $89.306 high level above the EMA-9 as the daily session begins today; this however indicates an uptrend in the momentum of the price of the Yen.Increase momentum by the bulls moves the market price of AUDJPY further up to the $89.685 resistance level as it journeys up north. A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.Hence, more upsides are possible as indicated by the momentum indicator which is in an upward direction. This means that the price of AUDJPY will remain in an ascending channel and a $100.000 high level might be the target in the days ahead in its higher time frame.AUDJPY Medium-term Trend: BullishAUDJPY is in a bullish trend in its Medium-term outlook. The price bars can be sighted above the supply trend levels. Despite the moves from the short traders, the bulls managed to push the price of the Yen up to the $89.679 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 $89.308 resistance value above the moving averages as the 4-hourly chart opens today. This indicates more active buy traders in the price flow.Buyers\u2019 activities further increase the market price of Yen up to the $89.321 supply mark as the bulls aim to continue with the trend.However, with the daily stochastic pointing in an upward direction, this means the bulls may likely continue with the trend. Therefore, if the buyers should intensify their tension in the market and the prices break above the $92.965 resistance trend line, a bullish trend continuation to the overhead resistance of $100.000 is possible soon in the medium-term perspective.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. "}