The currency pair still trades in a bullish market zone.
Sellers may drop the price below the $136.57 support value.
USDJPY Weekly Price Analysis – October 25
Currently, the USDJPY remains positive. However, the Yen price may likely collapse and drop below the $139.57 support value if the bears could add more aggression to their selling actions in the market. The target might be the $137.00 lower support value.
USDJPY Market
Key Levels:
Resistance levels: $151.00, $152.00, $153.00
Support levels: $141.00, $140.00, $139.00
USDJPY Long-term Trend: Bullish (Daily Chart)
From the point of view of the daily chart, the USDJPY market may drop below the $139.57 support as the pair-buying pressure will soon end. Though the price bar is above the supply level, indicating a bullish trend, the pair may resume a downtick trend soon and drop below the previous low value.
The high bullish pressure on the currency pair in the past few days has sustained the Yen price above the supply trend levels in its recent high.
Today, the USDJPY price on the daily chart is trading at the $152.71 high level above the EMA-50, indicating a bullish momentum. Meanwhile, it also suggests that the bears are warming up to take over the trend as the bullish pressure will soon subside.
Hence, if the sell traders increase their swagger and exchange hands with the bulls at the $152.71 resistance level, the Yen price may drop below the $139.57 support value, confirming the return of the sell traders and sell signal.
In addition, the USDJPY pair is around 98% at the overbought region of the daily stochastic, indicating that the buying pressure will end soon. Thus, the emergence of the bears is imminent at the moment and this may drop the Yen price below $139.57 to hit the $137.00 lower support value in the coming days in its long-term outlook.
USDJPY Medium-term Trend: Bullish (4H Chart)
The currency pair’s orientation trades in a bullish market in its medium-term outlook. However, the Yen price may drop below the previous low level as it is overbought. The price bars are above the moving averages, suggesting a bullish trend. 
The intervention from the bulls at the $151.46 supply value in the previous action has made the price of USDJPY stay above the supply trend line in its recent high.
The market value of USDJPY increases to a $152.71 high level above the EMA-50 shortly after the commencement of the 4-hourly chart today, indicating an uptrend.
Hence, the pair may resume its downward trend soon as the buying pressure seems to be exhausted. Thus, sellers must add more pressure to their activities to move the market price below the $139.57 support level.
In addition, the market value of USDJPY is pointing upwards around level 99% of the daily stochastic. This will compel the sell traders to cluster around the market and drop the price further. Thus, the Yen price may drop below the 139.57 lower support value in the coming days in its medium-term outlook as we watch sellers taking over soon.
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