AUDJPY Suffers Rejection Due to Bearish Consequences in the Market


AUDJPY Analysis – December 21

AUDJPY suffers rejection due to bearish consequences at the 82.00 price level of influence. As a result of the bearish price influence, AUDJPY precipitously encountered a quick price denial. The bears are structured to attain price movement in a downtrend orientation. When the momentum in price persists, the sellers in the market will cause other prospects to hold their stay due to the price increase in momentum. The bulls tried to push the price engagement up, but not with enough strength. The more the bears persist, the more the bears take charge of the ordeal, leaving the bulls out of price control.

AUDJPY Significant Levels:

Resistance Levels: 86.030, 82.409
Support Levels: 80.90, 78.800

AUDJPY Suffer Rejection Due To Bearish Consequences in the MarketAUDJPY Long Term Trend: Bearish

By examining the general trend of the AUD/JPY, the price activity of the price movement reveals several influences. The price was both within the range of the market’s prospects. The buyers were the first to cause a strong tendency in the price. The buyers then reportedly pushed the price movement above several significant effects of the price level. The price rose from the 78.800 significant level and continued its demonstration to the 86.030 price level. After this bullish tendency, the sellers also settled their way into the market. They eventually bartered the price movement downward.

The sellers, however, enhanced their power in the downtrend direction as the momentum in price influence rose. The price, therefore, settled down from the 87.030 level of price influence back to the 78.800 level as the moving average indicator also corroborates with the price structure. The power structure then continues to the point where price influence faces a quick rejection near the 82.400 significant level. The buyers sought to push the price further, but several holdbacks were caused due to the bear consequences present in the market. This then gives the sellers the tendency to ride on following the bulls’ rejection, and the bears are organized to withdraw the price below the 80.900 level of influence.

AUDJPY Suffer Rejection Due To Bearish Consequences in the Market AUDJPY Short Term Trend: Bearish

On the 4-hour chart, the price movement looks set to continue in its proper downward trend. AUDJPY undergoes several significant breaks in price influence as the market is set to continue in bearish formation. The price then aspires to breach the significant level of 80.900 and drop further downward. The MACD (Moving Average Convergence and Divergence) level indicator shows price yielding to a bearish phase in the market as the bulls suffer rejection due to bear consequences in the market. Price is then expected to break beyond the 80.900 level of influence.

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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.