{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-resumes-its-upside-trend\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-resumes-its-upside-trend\/","headline":"AUDJPY: Price Resumes its Upside Trend","name":"AUDJPY: Price Resumes its Upside Trend","description":"The AUDJPY price is on its way to new resistance trend levels.The bulls remain stronger and dominant in the market at present.AUDJPY Weekly Price Analysis \u2013 May 7The AUDJPY pair is positive and is on its way to new resistance trend levels. Thus, a strong push from the current price at the $90.446 supply value […]","datePublished":"2023-05-07","dateModified":"2023-05-07","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\/2023\/05\/AUDJPYLNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/05\/AUDJPYLNT.png","height":546,"width":1280},"url":"https:\/\/forexschoolonline.com\/audjpy-price-resumes-its-upside-trend\/","about":["AUD\/JPY","Forex Trading Tools","FX Technical Analysis","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":473,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX T"],"articleBody":"The AUDJPY price is on its way to new resistance trend levels.The bulls remain stronger and dominant in the market at present.AUDJPY Weekly Price Analysis \u2013 May 7The AUDJPY pair is positive and is on its way to new resistance trend levels. Thus, a strong push from the current price at the $90.446 supply value above the supply trend levels will put the Yen in a bullish trend and this may further extend the price of the currency pair to the $100.00 upper resistance level resulting in intraday gains for buy trades.AUDJPY MarketKey Levels:Resistance levels: $92.000, $93.000 $94.000Support levels: $89.000, $88.000, $87.000AUDJPY Long-term Trend: BullishAUDJPY is bullish on the daily chart. The market prices can be seen above the moving averages approaching the overhead resistance. Thus, the bulls are capable of pushing higher from this trend line.The sustained bullish pressure at the $90.121 high level during yesterday\u2019s session actually made it capable for the buy investors to retain the strength in its recent high.Today, despite the moves by the sell traders, the price of AUDJPY remains in an uptrend at the $89.828 value which further increases to the $90.446 supply mark which is above the two EMAs. A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.In addition to that, the currency pair may likely continue its journey up to the new resistance trend levels as indicated by the daily stochastic which is pointing in an upward direction. We can therefore expect the upcoming bullish correction phase to reach a high at the $100.000 upper resistance value soon in its higher time frame.AUDJPY Medium-term Trend: BullishThe AUDJPY pair is in a bullish momentum in its medium-term outlook. The trend has just resumed its rising pattern but has not yet reached its goal.Activities from the bulls in the previous activities have sustained the Yen\u2019s bullishness in its recent high.The aggressive move by the bulls pushed the AUDJPY price up to the $90.446 resistance value above the moving averages which are glued together as the 4-hourly chart opens today. This suggests that buyers are having the market price at their disposal at the moment and may likely remain in the same direction.Hence, we have a bullish bias that the pair will rise further to the upside if the buying pressure should increase. Currently, the Yen is making a correction, there may be a potential rise in the price and this may possibly retest the previous high at the $89.992 level which might further extend the price of AUDJPY to the $100.000 high trend levels in the coming days in its medium-term outlook.Note:\u00a0Forexschoolonline.com is not a financial advisor. Do your research before\u00a0investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.  "}