AUDJPY Bears Dominate as Sellers Target 90.000 Key Level

Market Analysis – February 2

AUDJPY bears dominate as sellers target the 90.000 key level. The AUDJPY pair continues its bearish slide, with sellers controlling market momentum. They are now eyeing a test of the 90.000 support level. After an initial bullish recovery, the market failed to sustain upward momentum, leading to a strong sell-off this month.

AUDJPY Key Levels:

Support Levels: 90.000, 88.500, 91.000
Resistance Levels: 93.000, 95.640, 94.000

AUDJPY Long Term Trend: Bearish (Daily chart)

After failing to hold above 95.640, AUDJPY has been on a steady decline, with sellers pushing the pair down to the 90.000 key level. The Momentum indicator has been slipping, confirming a sustained bearish trend. The MACD (Moving Average Convergence and Divergence) indicator shows a strong bearish crossover, reinforcing downside momentum.

If sellers maintain their pressure, the next target is 88.500, with a potential deeper decline. However, if buyers step in at 90.000, a short-term rebound toward 93.000 could be possible. The next key decision point for AUDJPY is around the 90.000 significant level. A break below 90.000 could trigger a further decline toward 88.500, increasing bearish dominance. If buyers defend the 90.000 key area, we could see a short-term rebound toward the 93.000 market zone.

AUDJPY Short-Term Trend: Bearish

On the 4-hour chart, sellers remain in firm control, with the pair failing to show signs of reversal. The Momentum indicator still shows weak buyer presence, signaling a continuation of the bearish trend.

The MACD remains in negative territory, confirming downside pressure. A retest of the 90.000 significant level will be a critical moment, determining if sellers continue pushing lower or if buyers can fight back.

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