{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-to-commence-its-down-south-momentum\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-to-commence-its-down-south-momentum\/","headline":"AUDJPY Price to Commence Its Down South Momentum","name":"AUDJPY Price to Commence Its Down South Momentum","description":"AUDJPY is preparing for the next bearish trend, a breakdown is imminent. Sellers may remain dominant in the market soonAUDJPY Weekly Price Analysis \u2013 September 17AUDJPY pair has been in an uptrend for a while, thus, it is about time for the Yen to commence its down south momentum as we are seeing a bearish […]","datePublished":"2023-09-17","dateModified":"2023-09-17","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\/09\/AUDJPY-LNT-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/09\/AUDJPY-LNT-1.png","height":589,"width":1281},"url":"https:\/\/forexschoolonline.com\/audjpy-price-to-commence-its-down-south-momentum\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":518,"keywords":["audjpy","Autralian Dollar Japanese Yen","FX Technical Analysis"],"articleBody":"AUDJPY is preparing for the next bearish trend, a breakdown is imminent. Sellers may remain dominant in the market soonAUDJPY Weekly Price Analysis \u2013 September 17AUDJPY pair has been in an uptrend for a while, thus, it is about time for the Yen to commence its down south momentum as we are seeing a bearish correction in place on the 4-hour chart. The market price could turn downside if the sell traders increase their selling pressure and close the daily chart below the $90.25 support value, and then there is a high probability of the price dropping down to its recent swing low which is $86.05 lower support level.AUDJPY MarketKey Levels:Resistance levels: $93.00, $94.00 $95.00Support levels:\u00a0 \u00a0$89.00, $88.00, $87.00AUDJPY Long-term Trend: BullishThe AUDJPY pair is in a bullish trend zone in its long-term outlook. The high impact from the bulls during the past few days has really made and sustained the pairs\u2019 bullish momentum in its recent high. Nevertheless, it seems the bears will take over the price of AUDJPY soon and commence the down south momentum as the market is now overbought.The market was propelled higher by the bulls until it reached a new high at the $95.54 resistance mark above the moving averages as the daily session commences today. This shows the level and the high impact of the buy investors on the crypto market. However, a divergence is noticed as the market price of AUDJPY now points down in the overbought region of the daily stochastic; this means that the buying momentum might end soon, while the bears are gathering momentum to commence the down south trip, with this trend, a breakdown is imminent.If this is achieved, we can now expect the short traders to resume the down south momentum and the $85.00 lower support value might be the target in the days ahead in its long-term outlook.AUDJPY Medium-term Trend: BullishOn the medium-term outlook, the momentum is in a downward trend. The sustained bullish pressure at a $95.42 supply value during yesterday\u2019s session has made the Yen price trade above the supply trend levels in its recent high.Exhaustion sets in as sellers return briefly to commence the down south momentum on the 4-hour chart. Sellers dropped the price of AUDJPY down to a $95.18 low value above the EMA-50 and below the EMA-9 as the 4-hourly chart opens today. An indication of more pulls from sellers while the buying pressure is fading off gradually.The impulsive move by the short traders further dropped the price of AUDJPY down to the $95.00 support level as the journey down south continued. This means that sellers are returning gradually into the market to stage a play. Additionally, the price of the Yen pointing down in the overbought region of the daily stochastic indicates that the down south momentum has just started. Thus, the price of AUDJPY might drop further to the $85.00 support value in the coming days in its medium-term outlook.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."}