AUDJPY Desires to Clutch Back Price Movement to 81.900

AUDJPY Analysis – January 31

AUDJPY desires to clutch back price movement to the significant level of 81.910. The bulls in the movement are preparing to cause a hold up in the bear’s sequel as they are ready to withdraw price movement to the significant level of 81.910 The bear’s phase, however, changes the overall trend of the market. Nevertheless, the buyers getting hold of the price influence are working to push back against the bearish condition.

AUDJPY Market Levels:

Resistance Levels: 86.040, 84.140
Support Levels: 81.910, 78.740

AUDJPY Long Term Trend: Bearish

AUDJPY’s early brush was with the bearish trend in the market. The sellers descended with a strong impulse as several levels were touched. The market finally mobilized to the 78.740 price level as the impulse continued. By settling at this significant level, the price bear has a bearish impact. Following this, the bulls came into contact with the market with a strong provocation in price. The buyers pushed the influence of price back to the 86.040 level before the bears eventually took over.

The bears’ touch in the market brings about strong liquidity in the price. The bears rolled down with strong momentum to the keel price level. The moving average indicator also accompanies price movement as it faces different phases. The buyers and sellers, however, continued to move prices in the market. Presently, the bears have succeeded in pushing the price influence beyond the 81.910 significant level. The bulls are now active to hold the price level down before continuing.

AUDJPY Short Term Trend: Bullish

The 4-hour chart time frame of the AUDJPY market shows the market’s demonstration. The bears are generally in control of the present market. However, the bulls are pulling prices back to key levels as the market continues to swing lower. The MACD (Moving Average Convergence Divergence) indicator shows that the price level is still in a bearish trend as we await a pullback to the 81.910 level.

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