The currency pair remains in a bearish trend and this may continue.
The bears are still dominating the market.
AUDJPY Weekly Price Analysis – January 5
The AUDJPY pair remains in a bearish trend while facing high selling pressure and maintains its bearish race. If the sell traders could prove firmly and the Yen price shows sustainability below the $90.11 previous low value, its downside moves could extend further to reach a $88.68 lower support and beyond, resulting in a potential sell signal for short-term traders.
AUDJPY Market
Key Levels:
Resistance levels: $100.00, $101.00, $102.00
Support levels: $94.00, $93.00, $92.00
AUDJPY Long-term Trend: Bearish (Daily Chart)
The daily chart market of AUDJPY remains bearish, showing a bearish race. Price is trading below the supply channel again, confirming a more bearish impact on the currency pair.
The sustained bearish pressure at the $97.35 support level in the last few days has dropped the Yen price and enabled it to remain in a bearish trend in its recent price level.
After completing Yesterday’s high of $97.63, the AUDJPY pair remains in a bearish trend as sellers continue to slide the Yen price to a low at the $97.60 mark below the EMA-50 as the daily chart opens today, indicating a bearish trend.
Increased momentum by the bulls moves the market price of AUDJPY further up to the $97.48 support level as it journeys down south, indicating the high impact of the sell traders on the Yen market, as it remains in a bearish trend.
Hence, new entries by the sell investors towards the lower side are likely as indicated by the momentum indicator pointing downwards. As a result, the bears could aim at the $88.68 lower support value in the days ahead as the currency pair remains in a bearish trend in its long-term perspective.
AUDJPY Medium-term Trend: Bearish (4H Chart)
The AUDJPY pair portrays a bearish sentiment as it remains in a bearish trend in its medium-term perspective. Sellers are confident about gaining higher levels, confirming their high impact in the market. 
The Yen price is progressing downward below the support trend line, suggesting a bearish trend. Sellers’ increased momentum to the $97.54 support level in the past few hours has sustained the AUDJPY price below the resistance levels in its recent high.
Despite the moves from the long traders, the AUDJPY remains in a bearish trend at the $97.48 low level below the EMA-50 as the 4-hourly session begins today.
If the short traders could trigger their selling motives, the Yen price might drop lower to hit the $95.50 previous support level, providing sellers with a solid entry point as it remains in a bearish trend.
Additionally, the daily stochastic indicates further downside. Hence, if the sell traders can break below the $95.50 previous support barrier, the AUDJPY market sellers may witness an increase in drop, and this may reach the $88.68 lower mark in the days ahead as it remains in a bearish trend in its medium-term time frame.
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