{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-might-remain-upward\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-might-remain-upward\/","headline":"AUDJPY: Price Might Remain Upward","name":"AUDJPY: Price Might Remain Upward","description":"The AUDJPY market price might remain upward.The bulls could be dominating the market soon. AUDJPY Weekly Price Analysis \u2013 November 3 The AUDJPY market price might remain in an upward trend, as it is on the daily chart. Should the bulls prove stronger and the Yen price sustain above the $109.15 high level, the potential […]","datePublished":"2024-11-03","dateModified":"2024-11-03","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\/2024\/11\/AUDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/11\/AUDJPY-LNT.png","height":579,"width":1281},"url":"https:\/\/forexschoolonline.com\/audjpy-price-might-remain-upward\/","about":["AUD\/JPY","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Trade Idea","Trade Setups"],"wordCount":419,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"The AUDJPY market price might remain upward.The bulls could be dominating the market soon.AUDJPY Weekly Price Analysis \u2013 November 3The AUDJPY market price might remain in an upward trend, as it is on the daily chart. Should the bulls prove stronger and the Yen price sustain above the $109.15 high level, the potential rally could surge higher to hit the $115.00 upper resistance level and beyond, resulting in a potential buy signal for the long traders. AUDJPY MarketKey Levels:Resistance levels: $100.00, $101.00, $102.00Support levels: $99.00, $98.00, $97.00AUDJPY Long-term Trend: Bullish (Daily chart)The momentum of AUDJPY remains upward on the long-term outlook as seen from the chart below. The price of AUDJPY is currently trading at the resistance above the moving averages. So, it seems that the bulls will push us higher.The long traders’ increase to the $100.95 supply value in the last few days has enabled the Yen price to remain upward in its recent high.After updating the $99.99 low of yesterday, the AUDJPY momentum remains upward at $100.71 above the EMA-50 as the daily chart resumes today, proving the impact of the bulls on the currency pair.Hence, the Yen price might remain upward if the bulls break above the $109.15 resistance point, strengthening the bullish pressure.In addition, the AUDJPY price might remain upward and continue in the same direction as indicated by the technical indicator, signaling an uptrend. In light of this, the Yen price might remain upward to hit the $115.00 upper supply trend level in the days to come in its long-term outlook.AUDJPY Medium-term Trend: Bearish (4H chart)The AUDJPY price might resume an upward trend as the market approaches the oversold region in its medium-term time frame. The price bar is below the EMA-50, indicating a bearish move.The price drop to a $100.23 support level below the moving average shortly after the opening of the 4-hourly chart today, indicates a high buying level from the bears. Thus, if the bulls could wrestle trend control from the bears at the $100.23 current support, the AUDJPY price might turn positive and remain upward to retest the $101.68 all-time high level, bringing positive sentiment to the Yen market. Additionally, the price of AUDJPY is approaching the oversold region, indicating the currency pair might soon remain upward and accelerate to the $115.00 upper resistance mark in the days ahead in its medium-term outlook.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."}