AUDJPY Price May Break Up $75 and Targets $77 Level ByAzeez MustaphaPRO INVESTOR Updated: 14 September 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage AUDJPY Price Analysis – June 28 In case the Bulls were able to penetrate the $75 level with the formation of a bullish candle and the candle close above the level, then, AUDJPY price may reach the high of $77. Should the $75 level holds, the price will decrease to the previous low of $73 level.AUD/JPY Market Key levels: Supply levels: $75, $77, $79 Demand levels: $73, $70. $$66AUDJPY Long-term trend: Bearish AUDJPY is bearish on the long-term outlook. The bearish condition continues as long as the price remains under the 50 periods EMA. The currency pair bottomed at $73 demand level on June 20. Bears lose their momentum and the AUDJPY price reverse with the formation of more bullish candles that pushed up the price towards $75 supply level The AUDJPY price has broken up the 21 periods EMA and trying to penetrate 50 periods EMA in case the $75 level does not hold. AUDJPY Daily chart, June 28 The bearish pressure is weak and the Bulls are gaining more pressure to break up the $75 price level. The stochastic Oscillator period 14 is above 50 levels and the signal lines pointing upside to indicate a buy signal. In case the Bulls were able to penetrate the $75 level with the formation of a bullish candle and the candle closes above the level, then, AUDJPY price may reach the high of $77. Should the $75 level holds, the price will decrease to the previous low of $73 level.AUDJPY medium-term Trend: Bullish AUDJPY is bullish on the medium-term outlook. On the 4-hour chart, the Bulls have taken over the market. The dynamic support and resistance have been broken up and the price has moved up to touch the $75 price level where the price is currently consolidating. AUDJPY 4-hour charts, June 28 The price is trading above the 21 periods EMA and 50 periods EMAs which indicates buy signal. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. Join Our Telegram channel to stay up to date on breaking news coverage