{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-price-will-increase-further-buying-time-is-near\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-price-will-increase-further-buying-time-is-near\/","headline":"AUDJPY Price Will Increase Further, Buying Time Is Near!","name":"AUDJPY Price Will Increase Further, Buying Time Is Near!","description":"The currency pair is in a bearish scenario.Price breakout and bullish continuation are pertinent at the current trend level.AUDJPY Weekly Price Analysis \u2013 August 27The AUDJPY pair is making its way up after completing the low dips. The Yen will increase further while the buying time is near. However, the pair could continue to rise […]","datePublished":"2023-08-27","dateModified":"2023-08-27","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\/08\/AUDJPY-LNT-3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/08\/AUDJPY-LNT-3.png","height":589,"width":1281},"url":"https:\/\/forexschoolonline.com\/audjpy-price-will-increase-further-buying-time-is-near\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":428,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"The currency pair is in a bearish scenario.Price breakout and bullish continuation are pertinent at the current trend level.AUDJPY Weekly Price Analysis \u2013 August 27The AUDJPY pair is making its way up after completing the low dips. The Yen will increase further while the buying time is near. However, the pair could continue to rise upward if it breaks up the $97.570 previous high mark and the daily candle closes above the mentioned resistance. The $100.00 upper supply level and beyond might be the target. AUDJPY MarketKey Levels:Resistance levels: $94.000, $95.000, $96.000Support levels: $87.000, $86.000, $85.000AUDJPY Long-term Trend: Bearish (Daily Chart)AUDJPY’s price is bearish. The market now trades below the moving averages; this affirms its bearish race in its long-term outlook. Sellers\u2019 increased momentum drove the price down to a $93.509 low level, during yesterday\u2019s session and sustained it; this has made the pair remain below the supply levels in its recent high.The market value of AUDJPY pulled back to a $93.839 high level below the two EMAs as the daily session began today, accelerating the bullish momentum.Thus, the currency pair will increase further, if buyers can redouble their efforts and push above the $97.570 high, further bearish moves will be put to a stop.Also, the daily stochastic which is pointing up suggests a further increase in the price of AUDJPY. Hence, this potential bullish trend pattern may likely swing up to the $100.00 upper high trend line soon in its higher time outlook.AUDJPY Medium-term Trend: Bearish (4H Chart)The momentum on the medium-term time frame is also distinctly bearish. Nevertheless, it seems buyers are ready to take over the price of AUDJPY and push us higher as the market is now showing a new correction.Bears\u2019 pressure to a $93.509 low value on the 24th of August has enhanced the price to remain below the supply levels in recent times.The price action of AUDJPY which increased further to a $93.817 supply level below the moving averages shortly after the opening of the 4-hour chart today indicates a high buying level from the long investors. Thus, a strong push above the $95.828 neckline will increase the price for a good buying time.Hence, the pair indicates an uptrend while pointing upward on the daily signal. This suggests that the AUDJPY price will increase further and it may accelerate to the $100.00 resistance mark soon in its medium-term time frame.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. "}