The currency pair remains in an upside move.
The bulls are still dominating the market at the moment.
AUDJPY Weekly Price Analysis – June 11
Sellers are in panic as the AUDJPY pair is going upward facing an increase in buying pressure at the moment. The currency pair and might possibly move higher above the current resistance level at the $93.827, if buyers should exert more force into the price action in the market, $98.388 high trend line might be retested soon. Thus a clear buy signal and intraday gain for the coin buyers.
AUDJPY Market
Key Levels:
Resistance levels: $93.000, $94.000, $95.000
Support levels: $87.000, $86.000, $85.000
AUDJPY Long-term Trend: Bullish (Daily Chart)
The AUDJPY pair portrays a bullish sentiment in its long-term perspective. The coin price is now strongly trading above the moving averages with huge volumes from the bulls. Buyers are confident about gaining higher levels and this confirms their high impacts in the market at the present.
The bulls have sustained the Yen market at the $93.445 supply value during the yesterday’s session, this has made it possible for the pair to stay above the trend line and remain stronger in its recent times.
The momentum continues today as the bulls made a corrective move to a high at $93.686 mark above the supply trend levels as the daily chart opens today. This shows the high impact of the buy investors on the AUDJPY market; likewise, the downside risk remained uncertain.
Further, the currency pair indicates an upward momentum on the daily signal, this indicates that the price of AUDJPY will continue to increase to the upsides and this may get to the $100.000 upper resistance trend mark soon in its long-term outlook.
AUDJPY Medium-term Trend: Bullish (4H Chart)
The AUDJPY also trades in a bullish trend market in the medium-term outlook. This is due to the high impact from the long-term traders in the price flow. 
The bullish pressure on the pair in the past few hours has sustained the price of AUDJPY above the supply trend lines in its recent high.
The impulse move from the buy traders has really pushed the price of AUDJPY up to a $93.685 high level above the moving averages shortly after the 4-hourly session opens today. This will enable buyers to influence the price tendency.
Hence, we have a bullish bias that the coin price will continue the bullish trend as the market remains in an upward direction on the daily signal. If the buying pressure should increase, there may be a potential rise in the price of AUDJPY and this might possibly retest the previous high at the $93.866 supply level which might further extend the coin price to the $100.000 high trend line in the coming days in its medium-term perspective.
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