{"id":233177,"date":"2019-07-19T14:02:59","date_gmt":"2019-07-19T18:02:59","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=233177"},"modified":"2021-09-14T02:59:11","modified_gmt":"2021-09-14T06:59:11","slug":"audjpy-price-experienced-long-period-sideways-movement-breakout-is-imminent","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/audjpy-price-experienced-long-period-sideways-movement-breakout-is-imminent","title":{"rendered":"AUDJPY Price Experienced Long Period Sideways Movement, Breakout Is Imminent"},"content":{"rendered":"
In case the Bulls prevail over the Bears, the price will rally towards the supply level of $77. Should the Bears push the price down below 21 periods EMA and $75 level, the price will find its low at the demand level of $73<\/p>\n
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Supply levels: $75, $77, $79
\nDemand levels: $73, $70. $$66<\/p>\n
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AUDJPY continue ranging on the long-term outlook. AUDJPY remains at $75 price level consolidating. There was no significant momentum in the AUDJPY market. Both the Bears and the Bulls have lost momentum and the price remains at the same level. The price is enclosed within the two EMAs.
\nThe 21 period EMA and 50 periods EMA are flat horizontally at the $75 price level while the EURJPY price remains trading in between the two EMAs; this indicates that consolidation is ongoing on the daily chart.<\/p>\n