**Monthly Chart**
AUDJPY is in the long-term range between 107.50 and 55 levels from 2007 after it reached its highest level at the peak of Nov 2007. From Mar 2020 till now the long-term directional bias is bullish. However, the price reached a sensitive area in Sept 2022 and was unable to break through the high of 98.50 level. Last month candle closed at a high after it created a doji candle which suggested the price moving higher. This month candle opened at the high and still moving around a sensitive level of 98.50.
**Weekly Chart**
Moving into the weekly chart we can see the price closed at the high. There were good buying opportunities in the last couple of weeks as the price retraced from demand zones on smaller time frames. This week will be critical because we need to see how the price will react toward the short-term sell zone (supply zone).
**Daily Chart**
The short-term and long-term bias of this pair is bullish. However, it is currently near the sensitive area of 98.50 levels. We need to see how the price reacts to this level by this week.
AUDJPY is in the long-term range between 107.50 and 55 levels from 2007 after it reached its highest level at the peak of Nov 2007. From Mar 2020 till now the long-term directional bias is bullish. However, the price reached a sensitive area in Sept 2022 and was unable to break through the high of 98.50 level. Last month candle closed at a high after it created a doji candle which suggested the price moving higher. This month candle opened at the high and still moving around a sensitive level of 98.50.
**Weekly Chart**
Moving into the weekly chart we can see the price closed at the high. There were good buying opportunities in the last couple of weeks as the price retraced from demand zones on smaller time frames. This week will be critical because we need to see how the price will react toward the short-term sell zone (supply zone).
**Daily Chart**
The short-term and long-term bias of this pair is bullish. However, it is currently near the sensitive area of 98.50 levels. We need to see how the price reacts to this level by this week.
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Join our PropSignals Channels on Telegram
t.me/PropsignalAE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.