{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-is-trending-downwards-and-this-may-continue\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-is-trending-downwards-and-this-may-continue\/","headline":"AUDJPY : Price Is Trending Downwards and This May Continue","name":"AUDJPY : Price Is Trending Downwards and This May Continue","description":"The overall outlook of the currency market is bearish in trend.Bears remain dominant in the market.AUDJPY Weekly Price Analysis – August 1 Should the bear\u2019s increase their momentum, the support level at $80.013 may be retest.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$85.200, $85.205 $85.210Support levels:\u00a0 \u00a0 \u00a0 \u00a0 $79.460, $79.455, $79.450AUDJPY Long-term Trend: BearishThe pair is in […]","datePublished":"2021-08-01","dateModified":"2021-08-01","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\/08\/AUDLNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/AUDLNT.png","height":568,"width":1073},"url":"https:\/\/forexschoolonline.com\/audjpy-price-is-trending-downwards-and-this-may-continue\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":353,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"The overall outlook of the currency market is bearish in trend.Bears remain dominant in the market.AUDJPY Weekly Price Analysis – August 1 Should the bear\u2019s increase their momentum, the support level at $80.013 may be retest.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$85.200, $85.205 $85.210Support levels:\u00a0 \u00a0 \u00a0 \u00a0 $79.460, $79.455, $79.450AUDJPY Long-term Trend: BearishThe pair is in a bearish trend in its long-term perspective. The bear’s increase momentum dropped the price of the currency pair down to $80.751 below the two EMAs in the support area during yesterday\u2019s session and sustains it.The momentum from the sellers continues as the daily chart opens today at $80.928 in the support area.The impulse move by the sellers further drops the price of AUDJPY down to $80.834 in the support area.The price of AUDJPY is initially down at $80.452 in the support area below the two EMAs, an indication that the momentum is in a downtrend in the context of the strength of the market.Meanwhile, the price of AUDJPY is in the oversold region of the daily stochastic pointing down at around level 33% in the oversold region. This indicates that the currency pair is in a bearish momentum in the long term. Hence a sell signal.AUDJPY Medium-term Trend: BearishOn the 4-hour chart, the pair is in a downtrend. The currency pair is now finding its way down as the bears gradually staging a return to the market.A bearish doji candle at $80.937 in the support area opens today\u2019s 4-hourly chart in the support area.The journey down south continues as the bears drop the price of the currency pair down to $80.582 in the support area.Price is initially down at $80.454 in the support area below the two EMAs, an indication of a downtrend in the context of the market.However, the stochastic signal pointing down at around level 17% in the oversold region implies that the Yen is likely to further depreciate on the downside in the short 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."}