The currency pair remains in a bullish trend.
The bulls are still dominating the market at the moment.
AUDJPY Weekly Price Analysis – June 30
The AUDJPY pair remains in a bullish trend as it faces an increase in buying pressure and maintains its bullish race. The Yen has seen a notable increase in price over the past few days. If the buy traders could prove stronger and the price shows sustainability above the $107.12 current high value, its upside moves could extend further to reach a $110.00 upper resistance level and beyond, growing interest among the long-term investors.
AUDJPY Market
Key Levels:
Resistance levels: $105.00, $106.00, $107.00
Support levels: $96.00, $95.00, $94.00
AUDJPY Long-term Trend: Bullish (Daily chart)
The daily chart market of the AUDJPY pair remains in a bullish trend and shows sign of upward momentum and a buy signal. Price is trading above the supply channel again. This however confirms the presence of a more bullish impact on the currency pair.
The persistent bullish pressure on the currency pair in the past few days has facilitated the bullish trend in its recent high level.
The momentum continues as the bulls made a corrective move to a high at the $107.12 mark above the EMA-50 as the daily chart opens today. This however indicates an uptrend in the momentum of the price of the Yen, as it journeys up north.
Thus, a breakout above the $107.12 current swing high will enable buyers to regain control and potentially drive the AUDJPY price toward the upper resistance area.
Hence, fresh entries by the buy investors toward the higher side are likely as indicated by the momentum indicator pointing in an upward direction, the bulls could therefore aim at the psychological level of $110.00 upper resistance value as soon as the currency pair remains in an uptrend in its long-term perspective.
AUDJPY Medium-term Trend: Bullish
The AUDJPY pair portrays a bullish sentiment and remains in a bullish trend in its medium-term perspective. Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present. 
The Yen price can now be seen moving upward above the resistance trend lines matching the upper resistance levels. This shows that buyers are currently gaining more strength in the market.
Despite the moves from the short traders, the bulls managed to push the price of AUDJPY up to the $106.83 supply level during the previous session and sustained its upward momentum in its recent high.
Today, the bulls made an upward move to the $107.12 high value above the supply trend levels as the 4-hourly chart opens.
The AUDJPY pair looks promising as the bulls remain dominant in the market at the moment. If the bulls should increase their price action, and a bullish trend is sustained far above the current resistance trend lines at $107.12, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. Hence, if the buy traders manage to break above the current trend levels, the market participants may witness a new recovery rally and this may likely reach the $110.00 high mark soon as it remains in the bullish trend in its medium-term time frame. This signals a BUY trade again in its medium-term perspective.
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