AUDJPY Suffers an Unexpected Drop Below 91.120

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 Analysis – May 16

AUDJPY suffers an unexpected drop below the 91.120 significant level. The price was initially blocked at 95.620, which led to a plunge that was only halted at the 91.120 strong support level. Afterwards, the market started rallying from there, moving upward through a channel. It was a rigid uptrend that violated the 92.930 critical level. However, the currency pair unexpectedly falls to 94.030, breaching the 91.120 strong support level.

AUDJPY Key Levels

Resistance Levels: 92.930, 94.030, 95.620
Support Levels: 87.430, 89.020, 91.120

AUDJPY Suffers an Unexpected Drop Below 91.120AUDJPY Long Term Trend: Ranging

Sellers are looking to reclaim the market after buyers pushed the price level with a strong upsurge over two months ago. The market was then anchored above the 91.120 significant level. By the end of March, the sell-traders had revived and started tugging firmly at the market, but the 91.120 key level acted as strong support to keep the market afloat.

Even though sellers became more powerful, market participants did not relinquish control. This can be seen as the price continuing to punch upwards. On the 21st of April, a decisive blow was delivered to the market that saw it lose its gain to 91.120. Another save for the buyers. This defeat did not last long as sellers finally bypassed the 91.120 support after the market suffers another rejection.

AUDJPY Suffers an Unexpected Drop Below 91.120AUDJPY Short Term Trend: Bullish

The 4-hour chart shows that the sellers had a free ride after bypassing 91.120 to 87.430. The buy-traders are immediately re-engineering another rise in the market from the 87.430 support. This is confirmed by the RSI (Relative Strength Index), whose line has been redirected upwards from an oversold status. The MACD (Moving Average Convergence Divergence) lines also crossed upward. The 90.480 level is the target.

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 *