AUDJPY Is Losing Bullish Momentum as It Drops Below the 84.210 Resistance Level

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 Price Analysis – February 28

AUDJPY is losing bullish momentum as it drops below the 84.210 resistance level. The bulls caused a rise to the 84.210 level. This, however, gave the sell traders the motive to influence the price tendency. The currency pair’s orientation trades in a general bullish flow, but the short traders are now involved in the order flow. As an outcome of low bullish momentum, the sellers are hindering the market from smashing through the resistance zones. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.

AUDJPY Important Levels

Resistance Levels: 86.020, 84.210
Support Levels: 80.370, 78.850

AUDJPY Is Losing Bullish Market Momentum as It Drops Below the 84.210 Resistance Level AUDJPY Long Term Trend: Bullish

Around May, the market’s price breakdown first assumes accumulation. As a result, there was more room for reduced distribution in the market. The price was sold down to a critical low of 78.850 by the bears. This level was then retested twice more, each time with the market forming a “w” shape pattern before reversing bearishly. The market was propelled higher by the bulls until it reached a new high of 86.020 resistance.

As a result of price rejection at this level, there was an immediate reversal. Sellers drove the price lower until a price consolidation occurred between 84.210 and 80.370. Buyers must redouble their efforts to forecast a bullish increase in the market above the 84.210 level. Instead, as momentum continues to deteriorate, the sell will intensify. The RSI (Relative Strength Index) indicates a likely bullish increase because the price signal has already risen below the middle level.

AUDJPY Is Losing Bullish Market Momentum as It Drops Below the 84.210 Resistance Level AUDJPY Short Term Trend: Bullish

Despite the interference of short-term traders in the price flow, the 4-hour chart market shows a bullish race. The Bollinger Bands have already widened their gap, indicating that the bulls are regaining market strength. When the price breaks through the middle band, we can expect a retest before the bullish push to the 84.210 resistance level begins.

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 *