{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-may-breakdown-80-571-support-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-may-breakdown-80-571-support-level\/","headline":"AUDJPY: Price May Breakdown $80.571 Support Level","name":"AUDJPY: Price May Breakdown $80.571 Support Level","description":"AUDJPY remains at the risk of more downsides.The bears may continue the journey to the lower support area. AUDJPY Weekly Price Analysis – October 24Further increase in the bears\u2019 pressure may break down at $85.104 and this may decrease the price. AUDJPY MarketKey Levels:Resistance levels:\u00a0 $85,800, $85,900, $86,000Support levels:\u00a0 \u00a0 \u00a0 $77.900, $77.800, $77.700AUDJPY Long-term […]","datePublished":"2021-10-25","dateModified":"2021-10-25","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\/10\/AUD-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/AUD-LNT.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-price-may-breakdown-80-571-support-level\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":330,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"AUDJPY remains at the risk of more downsides.The bears may continue the journey to the lower support area. AUDJPY Weekly Price Analysis – October 24Further increase in the bears\u2019 pressure may break down at $85.104 and this may decrease the price. AUDJPY MarketKey Levels:Resistance levels:\u00a0 $85,800, $85,900, $86,000Support levels:\u00a0 \u00a0 \u00a0 $77.900, $77.800, $77.700AUDJPY Long-term Trend: BullishThe currency pair\u2019s structure looks bullish in its long-term outlook. The bears’ increase momentum pushed the price down to $84.886 in the support area, during yesterday\u2019s session. Today\u2019s daily opening candle at $85.070 in the support area is bearish as the bears are coming into the market gradually.AUDJPY further drops to $84.716 in the support area as the journey down south has begun.Price is initially down at $84.608 in the support area above the two EMAs, an indication of an uptrend in the context of the market.The stochastic oscillator signal pointing down at around level 84% in the overbought region suggests that the momentum in the price of AUDJPY may likely remain in a downtrend in the nearby days in the long-term and in this case a sell signal.AUDJPY Medium-term Trend: BullishThe Yen is in a bullish trend zone in its medium-term perspective. The bears made a progressive movement to the south with a touch at the 50-EMA at $84.645 in the support area as the 4-hourly session opens today.AUDJPY price further drops to $84.716 in the support area as the journey down south continues. AUDJPY now trades at $84.608 in the support area with the formation of a doji candle above the EMA-50, an indication of buyers’ gradual hibernation.The stochastic oscillator signal pointing down at around level 8% in the oversold region suggests a downward momentum in the price of the Yen, thus more buyers are expected to rule the market sooner in the medium-term.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.  "}