{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-will-the-bulls-continue-the-trend\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-will-the-bulls-continue-the-trend\/","headline":"AUDJPY: Will The Bulls Continue The Trend?","name":"AUDJPY: Will The Bulls Continue The Trend?","description":"A break-up or break-down is imminent.Patience is needed to wait for a bullish movement before taking a long position or a bearish movement before taking a short position.AUDJPY Weekly Price Analysis – January 9The bullish trend may continue provided $82.682 support level holds.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$83.350, $83.450 $83.550Support levels:\u00a0 \u00a0 \u00a0 \u00a0 $78.775, $78.675, […]","datePublished":"2022-01-10","dateModified":"2022-01-10","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\/01\/AUDJPYLNT-4.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/01\/AUDJPYLNT-4.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-will-the-bulls-continue-the-trend\/","about":["AUD\/JPY","Trade Idea","Trade Setups"],"wordCount":371,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"A break-up or break-down is imminent.Patience is needed to wait for a bullish movement before taking a long position or a bearish movement before taking a short position.AUDJPY Weekly Price Analysis – January 9The bullish trend may continue provided $82.682 support level holds.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$83.350, $83.450 $83.550Support levels:\u00a0 \u00a0 \u00a0 \u00a0 $78.775, $78.675, $78.575AUDJPY Long-term Trend: BullishThe sustained bearish pressure dropped the price of the currency pair further down at $82.682 in the support area during yesterday\u2019s session. The bulls return gradually with an initial increase to $82.920 in the resistance area as the daily chart opens today. The price of AUDJPY further rises to $82.961 in the resistance area as the journey up north continues.Activities from the buyer move the price of the Yen up to $83.221 in the resistance area which is above the EMA-50 as at the time of writing this article. An indication that the buyers are still in control of the market.However, the stochastic oscillator signal pointing down at around level 64% approaching the oversold region implies that bulls will emerge soon to continue with the market dictation in the long term.AUDJPY Medium-term Trend: BullishAUDJPY is in an upward trend in the medium-term perspective. The 4-hourly chart opens with the formation of an inverted bearish pin bar hammer at $83.135 in the support area, an indication of a trend reversal.The impulse move by the sellers further dropped the price of AUDJPY down to $82.627 in the support area.The buyers return briefly and move the price of the Yen up to $83.078 in the resistance area. The momentum loss as the sellers set in again and dropped the price of the currency pair.The price of AUDJPY is initially down at $82.945 in the support area above the EMA-9 this suggests an upward movement in the price of the currency pair.The stochastic signal pointing down at around level 18% in the oversold area indicates that the price of AUDJPY may likely encounter a change in trend and in this case an uptrend in the nearby days, in the medium-term perspective.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. "}