AUDJPY Buyers Sparks Fresh Move Against Sellers 

AUDJPY buyers are building momentum against selling pressure. The buyers are aiming to break through the 91.740 significant level. The pressure that has been built can change the entire market course. Bullish traders can leverage this atmosphere on the daily chart.

Support Levels: 91.740, 90.360

Resistance Levels: 93.920, 95.640

Sellers had previously driven the price down from the 95.640 level to the 91.740 market zone, indicating a strong bearish trend. However, buyers are now showing signs of a potential reversal, pushing the price up to the 93.920 significant zone. The Momentum indicator is showing an upward trend, indicating increasing buying strength. The Stochastic Oscillator also confirms this, showing buyers pushing higher.

A sustained move above 93.920 could lead to a retest of the 95.640 resistance level. Increased buying volume will be a key factor in confirming this bullish trend. The current market dynamic shows buyers responding strongly to selling pressure. The rising Momentum and Stochastic indicators suggest further upward movement is likely. A break above The 93.920 key zone would reinforce this bullish outlook.

In the short time frame, there is a strong upward trend as buyers attempt to recover. The Stochastic Oscillator shows a strong buildup of buying pressure, suggesting continued upward momentum. The bulls are likely to press higher in the market. More buy traders can therefore leverage this opportunity.

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