{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-is-trending-downwards-and-this-may-continue-2\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-is-trending-downwards-and-this-may-continue-2\/","headline":"AUDJPY: Price Is Trending Downwards and This May Continue.","name":"AUDJPY: Price Is Trending Downwards and This May Continue.","description":"AUDJPY is facing an increase in selling pressure and may continue in the same direction if it breaks $78.244.Overall market sentiment regarding the pair remains bearish. AUDJPY Weekly Price Analysis – September 19The breakup of the $78.244 level by the bears may decrease the price to $77.500 support level. AUDJPY MarketKey Levels:Resistance levels:\u00a0 $84.000, $84.100, […]","datePublished":"2021-09-19","dateModified":"2021-09-19","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\/09\/AUDJPYLNT-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/AUDJPYLNT-1.png","height":549,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-price-is-trending-downwards-and-this-may-continue-2\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":384,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"AUDJPY is facing an increase in selling pressure and may continue in the same direction if it breaks $78.244.Overall market sentiment regarding the pair remains bearish. AUDJPY Weekly Price Analysis – September 19The breakup of the $78.244 level by the bears may decrease the price to $77.500 support level. AUDJPY MarketKey Levels:Resistance levels:\u00a0 $84.000, $84.100, $84.200Support levels:\u00a0 \u00a0 \u00a0 $79.800, $79.700, $79.600AUDJPY Long-term Trend: BearishAUDJPY still trades in a downtrend in its long-term perspective. The bears’ pressure on the currency pair at $79.967 at the support area further led to a decrease in the price of the Yen during yesterday\u2019s session. The bears make a progressive movement to the south at $79.967 with a touch at the EMA-9 in the support area as the daily session opens today.The price of AUDJPY further drops to $79.862 at the support area below the two EMAs, an indication of a downward trend in the context of the strength of the market.The stochastic oscillator signal pointing downwards at around level 13% in the oversold region suggests a downward momentum in the price of AUDJPY in the long-term, which indicates a sell signal.AUDJPY Medium-term Trend: Bearish AUDJPY continues in a downtrend market in its medium-term outlook. Just like usual the Yen\u2019s price is coming down as we can see from the 4-hourly chart. Today\u2019s 4-hourly opening candle at $80.012 in the resistance area is bullish as the bulls return briefly and managed to push the price further up to $80.507 in the resistance area.The bulls lost momentum as the sellers\u2019 in-road to the market and drop the price of the currency pair down to $80.262 in the support area.The journey down south continues as the bear\u2019s further drop the price of AUDJPY down to $79.885 in the support area.The price of AUDJPY is initially down at $79.849 below the two EMAs in the support area, an indication of more sellers present in the market.Thus, the stochastic signal pointing down at level 68% in the overbought region suggests the momentum in the price of the Yen might likely remain in the same direction in the days ahead, in this case, a downtrend in the medium-term.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."}