{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-slightly-in-favor-of-the-bears\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-slightly-in-favor-of-the-bears\/","headline":"AUDJPY: Price Slightly in Favor of the Bears","name":"AUDJPY: Price Slightly in Favor of the Bears","description":"AUDJPY price now trades at $81.295 support level.The bears seem to be in control of the marketAUDJPY Weekly Price Analysis – February 6AUDJPY price slips back beneath 50-days EMA as bears look to gain market momentum.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 $82.585, $82.730, $82.880Support levels:\u00a0 \u00a0 \u00a0 \u00a0 $81.500, $81.350, $81.150AUDJPY Long-term Trend: BearishThe AUDJPY pair […]","datePublished":"2022-02-06","dateModified":"2022-02-06","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\/2022\/02\/audlnt.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/02\/audlnt.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-price-slightly-in-favor-of-the-bears\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":368,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"AUDJPY price now trades at $81.295 support level.The bears seem to be in control of the marketAUDJPY Weekly Price Analysis – February 6AUDJPY price slips back beneath 50-days EMA as bears look to gain market momentum.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 $82.585, $82.730, $82.880Support levels:\u00a0 \u00a0 \u00a0 \u00a0 $81.500, $81.350, $81.150AUDJPY Long-term Trend: BearishThe AUDJPY pair is in a downtrend in its long-term perspective. The impulse move by the bulls moves the trend of AUDJPY up to $82.284 in the resistance area before the close of yesterday\u2019s session.The sellers return briefly and drop the market price down to the $82.034 support level as the daily chart opens today.The downward trend continues as the activities from the bear\u2019s further drop the price of AUDJPY to $81.486 in the support area.The market price of the Yen is initially down at the $81.295 support level which is below the EMA-50; this implies that the sellers are gathering momentum to dominate the market.The AUDJPY pair which is pointing down at around level 43% of the daily stochastic approaching the oversold region, suggests that the momentum in the price of the Yen is in a downtrend and may likely remain in the same direction in the nearby days in its long-term.AUDJPY Medium-term Trend: BearishOn the 4-hourly chart, the currency pair is in a downward move. Pressure from the sellers pushed the price of the AUDJPY pair down to $81.882 in the support area before the close of yesterday\u2019s session.The bulls return briefly and move the price of the currency pair up to $81.936 resistance level as the 4-hourly chart opens today. Sellers inroad to the market briefly drops the market price of the Yen to $81.348 support level.The momentum is lost as the bulls return into the market and move the price up to $81.586 which is below the two EMAs in the resistance area.The stochastic signal pointing up at around level 20% in the oversold region indicates that more buyers are coming into the market sooner to push the price of AUDJPY up in the medium term.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."}