The currency pair still trades in a bullish market zone.
Buyers remain dominant in the market at the moment.
USDJPY Weekly Price Analysis – September 1
At the moment the USDJPY remains in a positive side. The pair may likely soar higher and buying pressure may increase to a $150.00 high level if the bulls could add more aggression to their buying actions in the market. The target might be the 150.00 upper resistance levels.
USDJPY Market
Key Levels:
Resistance levels: $144.00, $145.00, $146.00
Support levels: $130.00, $129.00, $128.00
USDJPY Long-term Trend: Bullish (Daily Chart)
The currency pair trades in a bullish trend zone in its long-term view. Buyers’ pressure on the pair above the two EMAs, has confirms its bullish trend.
Buyers, pressure on the currency pair in the past few days has sustained the Yen price above the supply trend levels in its recent high.
The momentum continues as the bulls made a corrective move to a high at $146.37 mark above the supply trend levels as the daily chart opens today. This however indicates an uptrend in the momentum of the price of the Yen.
Thus, pushing the price of USDJPY further to an intra-day high of $146.74 previous level will put the Yen more on a buying side.
Adding to this, the daily stochastic suggests an uptrend, this means that buyers, pressure may increase further if buyers managed to break up the $146.74 level, maintaining a further growth potential for the buy traders, hence, 150.00 might be the target soon in its higher time frame.
USDJPY Medium-term Trend: Bullish (4H Chart)
The high inflows from the buy traders also made the USDJPY price trades in the bullish trend zone in its medium-term outlook. Buyers’ pressure on the Yen market above the moving averages has confirmed its bullishness.
The coin has been making a higher highs and higher lows in the previous actions; this has made it possible for the price to maintain an uptrend in its recent price level.
Today, the momentum remains bullish at the $146.37 supply level above the two EMAs despite the push from the short traders as the 4-hour chart resumes today. This trend pattern proves the impact of bullishness on the currency pair.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong break up above the $147.37 resistance point would strengthen the bullish pressure.
Notably, the price of USDJPY indicates an uptrend while pointing upward in the stochastic oscillator, this suggests that the bullish pattern may continue and it might possibly accelerate to the $150.00 upper resistance mark son in its medium-term outlook.
Buyers remain dominant in the market at the moment.
USDJPY Weekly Price Analysis – September 1
At the moment the USDJPY remains in a positive side. The pair may likely soar higher and buying pressure may increase to a $150.00 high level if the bulls could add more aggression to their buying actions in the market. The target might be the 150.00 upper resistance levels.
USDJPY Market
Key Levels:
Resistance levels: $144.00, $145.00, $146.00
Support levels: $130.00, $129.00, $128.00
USDJPY Long-term Trend: Bullish (Daily Chart)
The currency pair trades in a bullish trend zone in its long-term view. Buyers’ pressure on the pair above the two EMAs, has confirms its bullish trend.
Buyers, pressure on the currency pair in the past few days has sustained the Yen price above the supply trend levels in its recent high.
The momentum continues as the bulls made a corrective move to a high at $146.37 mark above the supply trend levels as the daily chart opens today. This however indicates an uptrend in the momentum of the price of the Yen.
Thus, pushing the price of USDJPY further to an intra-day high of $146.74 previous level will put the Yen more on a buying side.
Adding to this, the daily stochastic suggests an uptrend, this means that buyers, pressure may increase further if buyers managed to break up the $146.74 level, maintaining a further growth potential for the buy traders, hence, 150.00 might be the target soon in its higher time frame.
USDJPY Medium-term Trend: Bullish (4H Chart)
The high inflows from the buy traders also made the USDJPY price trades in the bullish trend zone in its medium-term outlook. Buyers’ pressure on the Yen market above the moving averages has confirmed its bullishness.
The coin has been making a higher highs and higher lows in the previous actions; this has made it possible for the price to maintain an uptrend in its recent price level.
Today, the momentum remains bullish at the $146.37 supply level above the two EMAs despite the push from the short traders as the 4-hour chart resumes today. This trend pattern proves the impact of bullishness on the currency pair.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong break up above the $147.37 resistance point would strengthen the bullish pressure.
Notably, the price of USDJPY indicates an uptrend while pointing upward in the stochastic oscillator, this suggests that the bullish pattern may continue and it might possibly accelerate to the $150.00 upper resistance mark son in its medium-term outlook.
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