{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-remains-in-a-strong-bullish-trend\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-remains-in-a-strong-bullish-trend\/","headline":"AUDJPY: Price Remains in a Strong Bullish Trend","name":"AUDJPY: Price Remains in a Strong Bullish Trend","description":"The currency pair remains in an upside move.The bulls are still dominating the market at the moment.AUDJPY Weekly Price Analysis \u2013 February 25The AUDJPY pair is facing an increase in buying pressure and also maintains and remains in a strong bullish trend at the moment. If the buy traders could prove stronger and the price […]","datePublished":"2024-02-25","dateModified":"2024-02-25","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\/2024\/02\/AUDJPY-LNT-4.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/02\/AUDJPY-LNT-4.png","height":579,"width":1080},"url":"https:\/\/forexschoolonline.com\/audjpy-price-remains-in-a-strong-bullish-trend\/","about":["AUD\/JPY","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Technical Analysis","Trade Idea"],"wordCount":537,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"The currency pair remains in an upside move.The bulls are still dominating the market at the moment.AUDJPY Weekly Price Analysis \u2013 February 25The AUDJPY pair is facing an increase in buying pressure and also maintains and remains in a strong bullish trend at the moment. If the buy traders could prove stronger and the price shows sustainability above the current price value, its upside moves could extend further to reach a $100.000 high level and beyond, resulting in a buy signal and the best forex signal for the long traders. AUDJPY MarketKey Levels:Resistance levels: $96.00, $97.00, $98.00Support levels: $93.00, $92.00, $91.00AUDJPY Long-term Trend: BullishAUDJPY remains in a strong bullish trend on the higher time frames. This is clear as we can see the prices trading above the supply channel again. This is due to the high impact of the buy investors. The high order flow from the bulls in the past few days, including yesterday\u2019s session at the $99.02 high mark also added to this bullishness in recent times. The momentum continues as the bulls made a corrective move to a high at the $99.05 mark above the moving average-50 as the daily chart opens today as it journeys up north. This however indicates an uptrend in the momentum of the price of the Yen.Additionally, the price of AUDJPY may continue to remain in a strong bullish trend as indicated by the daily stochastic which signaled an uptrend as buyers are also seen clustering around the market at the moment. This suggests a shift in trend soon and this forthcoming development may drive the currency pair price to hit the high at $100.00 upper resistance trend line soon as it remains in a strong bullish trend in its higher time frame.AUDJPY Medium-term Trend: BullishDespite the moves from the bears, the AUDJPY pair remains in a strong bullish trend in its medium-term outlook. The Yen price can also be seen progressing upward above the resistance trend lines matching the upper resistance levels. This shows that buyers are currently gaining more strength in the market.Despite the moves from the short traders, the bulls managed to push the price of the Yen up to the $98.72 supply level during the previous session and sustained its upward momentum in its recent high.Today, the bulls made an upward move to the $98.76 high value above the supply trend levels as the 4-hour chart opens . The AUDJPY pair looks promising as the Yen remains in a strong bullish trend while the bulls remain dominant in the market at the moment. If the bulls should increase their price action, and bullish momentum is sustained far above the $99.02 previous high resistance trend lines, further bearish sentiment will be hibernated.Additionally, the daily stochastic remains in an upward direction. This suggests that the AUDJPY market may continue the bullish trend and in this case, the market participants may witness a new recovery rally and this may likely reach the $100.00 upper high mark soon as the pair remains in a strong bullish trend in its medium-term time frame. 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."}