{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-will-drop-further-sell\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-will-drop-further-sell\/","headline":"AUDJPY: Price Will Drop Further! Sell!","name":"AUDJPY: Price Will Drop Further! Sell!","description":"The currency pair is slightly in a bullish market zone.Buyers are having temporal control at the moment.AUDJPY Weekly Price Analysis \u2013 August 19At the moment the AUDJPY faces the positive side, there is likely to be a trend reversal if all the current support holds and the sellers put more strength in their action, the […]","datePublished":"2022-08-19","dateModified":"2022-08-19","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\/08\/USDJPYLNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/08\/USDJPYLNT-2.png","height":489,"width":1280},"url":"https:\/\/forexschoolonline.com\/audjpy-price-will-drop-further-sell\/","about":["AUD\/JPY","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Setups"],"wordCount":347,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"The currency pair is slightly in a bullish market zone.Buyers are having temporal control at the moment.AUDJPY Weekly Price Analysis \u2013 August 19At the moment the AUDJPY faces the positive side, there is likely to be a trend reversal if all the current support holds and the sellers put more strength in their action, the price will definitely drop down to $131.597, and beyond.AUDJPY MarketKey Levels:Resistance levels: $136.800, $136.900, $137.000Support levels: $131.500, $131.400, $131.300AUDJPY Long-term Trend: BullishThe currency pair trades in a bullish flow in its long-term view. The sustained bullish pressure pushed the currency pair up to a $135.499 high level during yesterday\u2019s session and sustained it. This really made it possible for the coin to stay up.The momentum however changes as the daily chart opens today with a bearish candle at a $134.735 support level above the moving averages; this thus implies that the buyers are losing their strength and getting weaker while the short traders are coming in gradually to dominate the market.The market value of AUDJPY is pointing down around level 93% of the daily stochastic. This will compel the sell traders to cluster around the market and drop the price further. The price may likely drop to a $126.321 low level soon in the higher time frame as we watch the sellers take over soon.AUDJPY Medium-term Trend: BullishAUDJPY pair is in a bullish market trend in its medium-term outlook. The price action of the coin at a $134.831 low level at the moment is currently seen slightly above the moving averages. This means that the sellers are gradually coming in to change the race to a bearish run.The price indicator which is also pointing downwards in the overbought region indicates that the buying pressure has ended. Therefore we expect the short traders to continue the trend downwards and the $126.321 support level might be reached in the coming days in its medium-term view.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."}