{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpyis-well-on-its-way-to-resistance\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpyis-well-on-its-way-to-resistance\/","headline":"AUDJPY: Is Well On Its Way to Resistance","name":"AUDJPY: Is Well On Its Way to Resistance","description":"The overall outlook of the currency pair is in an uptrend.Traders may consider buying with a bullish reversal candlestick pattern as confirmation.AUDJPY Weekly Price Analysis – August 29The pair is slightly going in favor of the bulls.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$82.500, $83.500 $84.500Support levels:\u00a0 \u00a0 \u00a0 \u00a0$79.500, $78.500, $77.500AUDJPY Long-term trend: Bullish AUDJPY is having […]","datePublished":"2021-08-29","dateModified":"2021-08-30","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\/2021\/08\/AUDJPY-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/AUDJPY-LNT-2.png","height":508,"width":1033},"url":"https:\/\/forexschoolonline.com\/audjpyis-well-on-its-way-to-resistance\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":411,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"The overall outlook of the currency pair is in an uptrend.Traders may consider buying with a bullish reversal candlestick pattern as confirmation.AUDJPY Weekly Price Analysis – August 29The pair is slightly going in favor of the bulls.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$82.500, $83.500 $84.500Support levels:\u00a0 \u00a0 \u00a0 \u00a0$79.500, $78.500, $77.500AUDJPY Long-term trend: BullishAUDJPY is having a bullish posture in its long-term outlook. The bears increased momentum dropped the price down to $79.591 in the support area during yesterday\u2019s session. The momentum lost as exhaustion set in with the bulls\u2019 brief return.Today\u2019s daily chart opens at $79.648 in the resistance area is as a result of bulls\u2019 in-road to the market.The buyer\u2019s reaction pushes the pair up to $80.350 in the resistance area at the time of writing this article.Price stays above the EMA-9 in the resistance area, an indication of upward momentum in the price of the Yen.The signal of the stochastic oscillator pointing up at around level 57% implies that the AUDJPY price is in an uptrend and may continue in the same direction in the days ahead in the long term.AUDJPY Medium-term trend: BullishThe currency pair is in a bullish trend zone in its medium-term perspective. After pushing the price down to $79.591 in the support area by the sellers, the price further dropped down to $79.416 below the two EMAs in the support area before the end of yesterday\u2019s session. The momentum lost as the bulls set in and took over.Today\u2019s 4-hourly opening candle at $79.544 in the resistance area is bullish as the bulls are gradually returning to the market.AUDJPY rises further to $79.887 in the resistance area due to increasing pressure from the buyers.Exhaustion set in as the seller\u2019s brief return and price drops to $79.800 in the support area.Bulls return and push the price of the Yen up to $80.350 in the resistance area. Price is initially down at $80.256 in the support area as the bears are setting in again.The price above the two EMAs; suggests the momentum in the price of the AUDJPY is in an uptrend.The stochastic oscillator signal pointing up at around level 83% in the overbought region indicates that the momentum in the price of the currency pair is in an uptrend in the medium term.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."}