AUDJPY Begins Consolidating Above the 91.120 Order Block

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

AUDJPY Analysis – May 8

AUDJPY begins consolidating above the 91.120 order block after its bullish momentum has finally been suppressed at the 95.620 resistance level. The price attained the resistance level of 95.620 on the 20th of April 2022 and immediately received a blow that left the market spiraling downwards. It took the order block at 91.120 to keep the price afloat. Price is now attempting another rise to the 95.620 level from this level.

AUDJPY Key Zones

Resistance Levels: 95.620, 92.930
Support Levels: 91.120, 90.480

Learn2.tradeAUDJPY Long Term Trend: Ranging

The price broke out of its former resistance level at 85.830 and surged up 10% with consecutive bullish candlesticks. Immediately afterward, the market weakened and begins a retracement which peaked at the 91.120 order block. AUDJPY then climbs upward from there, leveraging the 92.930 key level for support to go higher. This led to the price reaching a market high of 95.620.

Subsequently, the market was deflated such that it dipped strongly back to the 91.120 order block, where it received support. The lower line of the Bollinger Band also adds extra support to create a solid base at 91.120. However, the EFI (Elders Force Index) suggests the bears are gaining more influence in the market, thus limiting the bullish fervor in the market to a consolidation.

AUDJPY Begins Consolidating Above the 91.120 Order Block AUDJPY Short Term Trend: Bearish

On the 4-hour chart, the price shows an upward trending direction as it makes consistent higher highs. This shows that bears have finally gotten a handle on the market and the market begins consolidating. The ranging movement of the price sees it vacillating between the upper and lower Bollinger Bands. In this lower time frame, the EFI power line has dropped to a negative value but is expected to recover as AUDJPY aims for 95.620.

How To Buy Lucky Block 

Note: 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *