{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-reversal-is-imminent\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-reversal-is-imminent\/","headline":"AUDJPY \u2013 Price Reversal Is Imminent","name":"AUDJPY \u2013 Price Reversal Is Imminent","description":"AUDJPY is preparing for the next bullish trend, a breakup is imminent. The sell traders may have temporal control in the market.AUDJPY Weekly Price Analysis \u2013 January 1AUDJPY is facing the negative side at the moment. This might be overridden by the bulls soon as the market is oversold. Should the bulls push heavily and […]","datePublished":"2023-01-01","dateModified":"2023-01-01","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\/01\/AUDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/01\/AUDJPY-LNT.png","height":546,"width":1280},"url":"https:\/\/forexschoolonline.com\/audjpy-price-reversal-is-imminent\/","about":["AUD\/JPY","Forex Trading Tools","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":446,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"AUDJPY is preparing for the next bullish trend, a breakup is imminent. The sell traders may have temporal control in the market.AUDJPY Weekly Price Analysis \u2013 January 1AUDJPY is facing the negative side at the moment. This might be overridden by the bulls soon as the market is oversold. Should the bulls push heavily and exchange hands with the bears at the $89.013 support level, then there is a high probability of the price going up to its recent swing high, which is the $98.688 supply mark.AUDJPY MarketKey Levels:Resistance levels: $96.000, $97.000 $98.000Support levels: $89.000, $88.000, $87.000AUDJPY Long-term Trend: BearishThe AUDJPY pair is in a downtrend in its long-term outlook. The high impact from the short traders during yesterday\u2019s session really made and sustained the pairs\u2019 bearish momentum. The bears made their way into the market and dropped the market value of AUDJPY down to the $89.328 low level as the daily chart opens today.The impulsive move by sellers further drops the pair down to the $89.013 support value below the moving averages; this suggests a downward trend in the context of the strength of the market. Thus, with this trend, a breakdown is imminent.In addition to that, the price of the Yen which is pointing down in the overbought region of the daily stochastic indicates that the selling momentum will end soon. We can now expect the bulls to resume the bullish correction pattern, if this is achieved the target might be the $100.000 high level in the coming days in a higher time frame.AUDJPY Medium-term Trend: BearishThe currency pair is in a bearish market zone in its medium-term outlook. The bears\u2019 price drop to the $89.508 support level during yesterday\u2019s session has made it capable for the pair to remain below the supply trend.The journey to the south continues as the sell traders dropped the price of AUDJPY down to the $89.341 low value as the 4-hourly chart resumes today.The Yen is initially down at the $89.013 low value below the moving averages; this suggests downward momentum. However, this will be invalidated if the bulls could push harder and turn the pair to the upside.Hence, the AUDJPY market is pointing upward in the oversold region of the daily stochastic, this means that price reversal is likely at the mentioned support level. This will compel the emergence of the bulls to resume the bullish trend and this may likely go up to reach the $100.000 supply mark in the days ahead in its medium-term outlook.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. "}