AUDJPY Sellers Call for a More Bearish Supply

AUDJPY Analysis – July 25

AUDJPY Sellers call for a more bearish supply to 91.0100 key zone. There has been a call for more bearish supply down to the 91.0100 key zone since buyers have been neutralized lately. Bearish expectations will therefore be on display in the AUDJPY market. The buyers bought price orders from the lower band of the trend channel at the 91.0100 key zone, with the bullish orders taking over to the upper boundary of the trend line channel. The daily chart has shown us the presence of a crossing point around the upper band of the channel. The (Moving average convergence and divergence) indicator indicates a bearish disposition.

AUDJPY Significant Level

Resistance Levels: 96.8500, 91.0100
Support Levels: 87.3200, 78.8300

AUDJPY Long-Term Trend: Bearish

AUDJPY market execution began with much buying strength in price as buyers moved the market’s tendency from 78.8300 to 78.8300. After much swinging, the AUDJPY pair finally broke out at the 87.3200 significant zone. The moving average signalled a cross as buyers continued to rush to higher prices.

Bullish strength eventually made its height upward after breaking through the 87.3200. A further breakout was seen across the 91.0100 key zone before the buyers eventually bought up to the 96.8500 significant zone. The buyers failed to buy more because the sellers’ dealings also fell into a sloppy trend channel. The sellers are now stimulated for bearish supply back to the 91.010 key zone with the RSI (Relative Strength Indicator) showing strength crossing down to the middle level in the AUDJPY market.

AUDJPY Short Term Trend: Bearish

A bearish display is already set in motion across the 4hr chart of the AUDJPY. The sellers are now projected to cause a decline as the moving average indicator has already signalled a crossing for selling display down to the 91.010 key zone of price. The RSI indicator is also trading downward as sellers set price orders for more bearish moments.

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