USDJPY may decline to the $137.00 lower support level.
Sellers may take over the marker soon.
USDJPY Weekly Price Analysis – December 13
The USDJPY pair anticipates more drops and may decline to the lower support level as the bears begin the selling pressure. If the bearish turnaround breaks below the EMA-50, sellers could strengthen their grip over the Yen for a renewed correction trend to the $139.57 support value and extend to the $137.00 lower support level, resulting in a potential sell opportunity for short traders.
USDJPY Market
Key Levels:
Resistance levels: $156.00, $157.00, $158.00
Support levels: $151.00, $151.00, $15.00
USDJPY Long-term Trend: Bullish (Daily Chart)
The USDJPY pair is bullish, but it’s starting to turn bearish and may decline to lower support in its long-term outlook. The bulls’ pressure at the $152.84 high level in the previous action has enabled the Yen price to stay in an upward growth in its recent low price. 
The USDJPY pair may decline further as it drops to a $151.94 low value above the EMA-50, suggesting a bullish trend.
Meanwhile, the bulls are getting weaker as sellers are about to dominate the market. Therefore, if sellers increase their activities, the USDJPY market may decline to hit the $139.57 previous barrier, attracting short-term players.
The stochastic oscillator signal pointing down at around level 69% suggests there may be a bearish continuation pattern, and in this case, the USDJPY price may decline to the $137.00 lower support level in the coming days in its long-term perspective.
Therefore, sellers may wait for this action to take place before taking their desired position.
USDJPY Medium-term Trend: Bullish (4H)
USDJPY price may decline further as it begins the bearish pressure in its medium-term perspective. The Yen price is above the supply levels, indicating a bullish trend.
Actions from the bears dropped the pair to a low of $152.19 level above the EMA-50 after the opening of the 4-hourly chart today, indicating the short traders are returning gradually to stage a play and may decline further to the lower support level.
However, if the sell traders could prove stronger and break below the supply level, the USDJPY price may decline to its all-time low at $148.79 level, presenting a selling opportunity.
The stochastic oscillator signal pointing down at around level 76% suggests the overall outlook is downward momentum and may decline to reach the $137.00 lower support level in the coming days in the medium-term.
Hence, sellers may wait for this to happen before placing their order.
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