The currency pair remains in an upside move.
Bulls are still dominating the market at the moment.
AUDJPY Weekly Price Analysis – September 10
The AUDJPY pair is facing an increase in buying pressure and the price will keep rising based on the outlook. The Yen at the moment is currently recovering and facing the upper channel. If the buy traders could prove stronger and the price shows sustainability above the $97.570 previous high value, its upside moves could extend further to reach a $98.000 upper resistance level and beyond.
AUDJPY Market
Key Levels:
Resistance levels: $94.000, $95.000, $96.000
Support levels: $87.000, $86.000, $85.000
AUDJPY Long-term Trend: Bullish (Daily chart)
Despite the interference of sellers in the price flow, the daily chart market of AUDJPY shows a bullish race. Price is trading above the supply channel again. This however confirms the presence of a more bullish impact on the currency pair and with the look of things, the price will keep rising.
The sustained bullish pressure to the $94.332 supply level in the past few days has made it possible for the pair to remain firm in an uptrend in its recent high.
The price of AUDJPY finds a reliable resistance at the $94.397 trend line which further increases to $94.456 above the moving averages as the daily session begins today, resulting in intraday gains.
Thus, if the bullish momentum persists, a breakout above this combined resistance with a candle closing above the $97.570 supply value will signal a strong buy signal for interested traders.
Additionally, the price signal is pointing upwards indicating a bullish move and in this case, the price of AUDJPY will keep rising and could jump up to hit the $98.000 upper supply mark sooner in its long-term outlook. Hence, sellers’ relief.
AUDJPY Medium-term Trend: Bullish (4H Chart)
Analyzing the chart below, we can clearly see that AUDJPY is in a strong bullish market zone. 
The price currently trades above the two EMAs making higher highs and moving towards the major upper resistance area. However, the price will keep rising as buyers are seen clustering around the market.
The high bullish impact on the Yen at the $94.297 high level in the previous action has contributed to its bullishness in its recent high.
The strong push by buyers to the $94.456 resistance trend line above the moving averages as the 4-hour chart opens today shows that the buying activities are rising. Thus, if the long traders could break above the $95.828 supply mark, the bearish thesis will be invalidated.
Likewise, there is a possibility that the Yen price will keep rising as indicated by the price signal which is pointing in an upward direction. This may extend the price of AUDJPY to a high at $98.000 upper resistance value soon in its medium-term outlook.
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