{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-is-trending-upwards-and-this-may-continue-2\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-is-trending-upwards-and-this-may-continue-2\/","headline":"AUDJPY: Price Is Trending Upwards and This May Continue","name":"AUDJPY: Price Is Trending Upwards and This May Continue","description":"The currency pair remains in a bullish market zone.Buyers still dominating the market slightly.AUDJPY Weekly Price Analysis – November 27At the moment the AUDJPY faces the positive side as the bulls aim to drag the market price further up. AUDJPY price is trending upwards and this may continue.\u00a0 Should the buy traders increase their momentum, […]","datePublished":"2022-11-27","dateModified":"2022-11-27","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\/2022\/11\/AUDJPY-LNT-3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/11\/AUDJPY-LNT-3.png","height":545,"width":1280},"url":"https:\/\/forexschoolonline.com\/audjpy-price-is-trending-upwards-and-this-may-continue-2\/","about":["Forex Trading Tools","FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":445,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"The currency pair remains in a bullish market zone.Buyers still dominating the market slightly.AUDJPY Weekly Price Analysis – November 27At the moment the AUDJPY faces the positive side as the bulls aim to drag the market price further up. AUDJPY price is trending upwards and this may continue.\u00a0 Should the buy traders increase their momentum, the bullish rally could retest the $98.388 previous high which may extend the Yen price to the $100.000 upper resistance level. AUDJPY MarketKey Levels:Resistance levels: $95.700, $95.800, $95.900Support levels: $92.500, $92.600, $92.500AUDJPY Long-term Trend: BullishDespite the interference of sellers in the price flow, the daily chart market shows a bullish race. The sustained bearish pressure pushed the currency pair down to the $93.118 support level during yesterday\u2019s session and sustained it. The bears lost momentum, as the daily chart opens today with the formation of a bullish pin bar candle at the $93.764 resistance value as buyers continue to dictate the market at the moment.Increase momentum by the bulls moves the market price of the Yen further up to the $93.910 support mark as it journey up north.The market value of AUDJPY is initially up at the $94.057 high level above the EMA-9, an indication of an upward trend in the context of the strength of the market.Further, the momentum indicator shows that the price signal is also moving upward, so, we expect the bulls to continue with the bullish trend and the price distribution may likely hit the $100.000 upper high mark in the days ahead in its long-term perspective.AUDJPY Medium-term Trend: BullishOn the 4-hourly chart, the pair is in an upward move. The price movement of AUDJPY is currently seen to be in the bull\u2019s direction in the medium-term outlook. The sustained bearish pressure moved the pair down to the $93.410 support level during yesterday\u2019s session after which buyers inroad briefly and moved the price up to the $93.615 resistance level and sustained it.The price action rises significantly to the $93.832 resistance value above the moving average lines as the 4-hourly chart opens today.Buyers\u2019 activities further increase the market price of AUDJPY up to the $93.911 supply mark as the bulls aim to continue with the trend.Hence, the daily stochastic which is pointing up at around level 74% approaching the overbought region also indicates that the price of AUDJPY is in an uptrend and may likely remain or continue in the same direction in the nearby days in its medium-term outlook.Therefore, buyers may take their position as desired.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. "}