The currency pair is going long and remains in an upside move.
The bulls are still dominating the market at the moment.
AUDJPY Weekly Price Analysis – January 14
AUDJPY price is going long and also sends a clear bullish signal trading above the EMAs. Amid the buying pressure the coin gave a bullish breakout from the $97.44 level, suggesting that buyers are making a recovery attempt. Thus, if the Yen’s price sustains above the $98.58 high level, the potential rally could surge higher to hit the $100.00 upper high mark and beyond.
AUDJPY Market
Key Levels:
Resistance levels: $95.00, $96.00, $97.00
Support levels: $90.00, $89.000, $88.00
AUDJPY Long-term Trend: Bullish
The AUDJPY price is going long and looks good and tasty for the buy traders in its long-term outlook. Price is trading above the supply channel again. This however confirms the presence of a more bullish impact on the currency pair.
The sustained bullish pressure to the $97.63 supply level in the past few days has made it possible for the coin to remain firm in an uptrend in its recent price level.
Amidst the recent sell-off at the $97.07 low value in the previous action, the AUDJPY price climbed up to the $97.44 high mark above the EMA-50, trying to replenish the bullish momentum. Thus if this bullish growth pattern is steady, an established uptrend will be achieved.
Additionally, the AUDJPY price is going long as fresh entries by the buy investors toward the higher side are likely as indicated by the momentum indicator pointing in an upward direction. As a result, the bulls could therefore aim at the psychological level of $100.00 resistance value as soon as the currency pair maintains its bullish race in its long-term perspective.
AUDJPY Medium-term Trend: Bullish
The AUDJPY pair is going long and also portrays a bullish sentiment in its medium-term perspective. Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present. 
The sustained bullish pressure at a $97.20 supply value during yesterday’s session has made the Yen price trade above the supply trend levels in its recent high.
The Yen price is going long and currently trades at a $97.30 high value above the EMA-50 and shows intraday gains. This is an indication of more pulls by the long traders.
Adding to this, buyers clustering around the market now means that the AUDJPY price is going long and will still go up further. Therefore we can expect the upward rally to reach the $100.00 trend line soon in its medium-term outlook.
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