{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-may-decline-soon\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-may-decline-soon\/","headline":"AUDJPY: Price May Decline Soon","name":"AUDJPY: Price May Decline Soon","description":"The Yen is facing more pressure from the bulls. The currency pair could still decrease despite slight moves from the buyers.AUDJPY Weekly Price Analysis -March 27Further increase in the bear\u2019s pressure may break down at the $90.522 support level and this may push the price down to $90.130 and $90.018.AUDJPY MarketKey Levels:Resistance levels: $91.850, $91.950 […]","datePublished":"2022-03-27","dateModified":"2022-03-27","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\/03\/AUDJPYLNT-6.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/03\/AUDJPYLNT-6.png","height":550,"width":1196},"url":"https:\/\/forexschoolonline.com\/audjpy-price-may-decline-soon\/","about":["AUD\/JPY","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":446,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"The Yen is facing more pressure from the bulls. The currency pair could still decrease despite slight moves from the buyers.AUDJPY Weekly Price Analysis -March 27Further increase in the bear\u2019s pressure may break down at the $90.522 support level and this may push the price down to $90.130 and $90.018.AUDJPY MarketKey Levels:Resistance levels: $91.850, $91.950 $92.000Support levels:\u00a0 \u00a0 \u00a0$91.900, $91.800, $91.700AUDJPY Long-term Trend: BullishOn the daily chart, the AUDJPY pair is trading above the moving averages, which means that it\u2019s in a bullish trend zone. The impulse move by the buyers at the $91.966 resistance level during yesterday\u2019s session sustained the bullish momentum. The momentum lost as the seller\u2019s in-road and drop the market value to $91.917 support level as the daily chart opens today.The aggressive move by the bears further drops the market price of AUDJPY down at $91.736 support level as the journey down south continues.The market price of the Yen is initially down at $91.059 support level above the two EMAs which are fanned apart; this implies that the price of AUDJPY is in control of the bulls; therefore it\u2019s in an uptrend.The signal from the stochastic oscillator pointing downwards at around level 98% in the overbought area suggests the buying pressure has reached bullish exhaustion. This may compel the selling pressure to resume in the nearby days in the long term.AUDJPY Medium-term Trend: BullishThe price movement is currently seen to be in the bull\u2019s direction in the medium-term outlook. After breaking the $91.789 of the upper channel the bulls pushed the price further up at $91.966 in the resistance area shortly after yesterday\u2019s opening before momentum loss. AUDJPY dropped to the $91.527 support level before the end of the session.The 4-hourly chat opens today at $91.577 in the support area confirming the bears’ takeover.The sellers\u2019 activities further drop the market price of AUDJPY down to $91.059 support level with a long wick.The bears lost the momentum and the bull\u2019s in-road and move the market price of the Yen up to $91.934 resistance level above the two EMAs; an indication of more buyers present in the market at the moment.The momentum indicator signal which is pointing upwards at around level 88% in the overbought region also indicates that the price of AUDJPY is in an uptrend, more so sellers are expected to emerge to drop the price of the Yen in the nearby days in the medium-term.Therefore, sellers may wait for this action to occur before taking 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."}