AUDJPY Buyers Have More Prospects to Influence AUDJPY Pair

Updated:

AUDJPY Price Analysis: July 17

AUDJPY buyers have more prospects to swing price to 96.740 key level. However, this is due to buyers’ ability to currently influence the overall price tendency. After several bearish scenes, the buy traders have staged up the market action to project back to the 96.740 key zone. The daily chart shows a change in price momentum as the currency pair is set on a ride upward. 

AUDJPY Important Levels

Resistance Levels: 96.740, 91.220
Support Levels: 87.340, 78.230

AUDJPY

AUDJPY Long-Term Trend: Bullish 

AUDJPY bullish market had a seizure following the bullish ride from the 78.230 key zone up to breaking through the 96.740 key level. The price value fell to the price key level of 87.340 after the advent of selling influence, which caused the price value to deflate. Still, the buyers were able to move forward, pushing the price back up to 96.740, but they couldn’t break through the barrier.

Another wild ride is taking place on the daily chart right now, and this time it’s the buyers who are trying to set price strength so they can make a comeback at the 96.740 crucial zone. If there is sufficient strength, the price should be able to break through this resistance zone and move into the key zone. Above this level, there will be an increase in the number of possible purchases. The Moving Average Convergence and Divergence (MACD) indicator shows that the market strength is now in a state of balance. Nevertheless, a hit is anticipated to break through the 96.740 key zone with increased bullish vigour.

AUDJPY Short Term Trend: Bullish 

The buyers are now gathering momentum following the breakout from the trend line. A retest has been shown as bullish expansion is set to continue.

AUDJPY

The MACD is already rising, therefore giving motion to buyers as their strength begins to increase. The momentum indicator also got stronger as the price tries to get back to the 96.740 key zone.

 

How To Buy Lucky Block


Note: Learn2.trade 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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
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.