{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-buying-time-is-now\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-buying-time-is-now\/","headline":"USDJPY: Buying Time is now","name":"USDJPY: Buying Time is now","description":"The currency pair suggests the buying time is now.Buyers remain dominant in the market at the moment.USDJPY Weekly Price Analysis \u2013 April 19At the moment the USDJPY remains on the positive side and also suggests a buying time as the price is currently running a bullish race. The Yen is facing high pressure from the […]","datePublished":"2024-04-19","dateModified":"2024-04-19","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/04\/USDJPY-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/04\/USDJPY-LNT-2.png","height":579,"width":1080},"url":"https:\/\/forexschoolonline.com\/usdjpy-buying-time-is-now\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":494,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair suggests the buying time is now.Buyers remain dominant in the market at the moment.USDJPY Weekly Price Analysis \u2013 April 19At the moment the USDJPY remains on the positive side and also suggests a buying time as the price is currently running a bullish race. The Yen is facing high pressure from the bulls. Conversely, if the currency pair sustained above the current supply level at $154.78, the bulls\u2019 trend would continue upward and hit the$160.00 upper high level. Thus, a clear buy signal for the long-term traders.USDJPY MarketKey Levels:Resistance levels: $152.00, $153.00, $154.00Support levels: $140.00, $139.00, $138.00USDJPY Long-term Trend: BullishUSDJPY turns positive today. The price is trading in a bullish momentum and suggests a buying time in its higher time frame. This looks nice for the buy trader and signifies a buy signal.The successful breakout by the bulls to the $154.70 supply value during yesterday\u2019s session has made it possible for the USDJPY market to enter its buying time and retain its bullish strength in its recent high.The Yen price rises to a $154.78 supply level above the EMA-50 as the daily session opens today. This is an indication of an uptrend and also suggests a buying time for the buy traders.Therefore, if the bulls should increase their tension in the market, the price tendency may likely break up the $154.78 current resistance value, resulting in an intraday gain for the buy traders. Notably, the USDJPY pair remains in an uptrend on the daily stochastic. This means that its buying time may remain stable for a longer. It is expected of buyers to push the price further up to a significant level and in this case, the target might be the $160.00 supply level in the higher time frame.USDJPY Medium-term Trend: BullishOn the medium-term outlook, the USDJPY pair suggests a buying time and remains in a resistance zone. Firstly, the Yen has broken above the EMA-50 and also moving towards the upper channel which indicates a strong bullish trend and a buying time. The price is moving in an uptrend in the H4 timeframe, making higher highs and moving towards its major resistance.Pressure from the bulls at the $154.58 high value in the previous action has sustained its upward stability in its recent high.Today\u2019s 4-hourly bullish candle at the $154.78 value above the moving averages suggests a buying time and confirms the bulls’ dominance in the market. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line. Hence, USDJPY is showing more upside possibilities as shown by the momentum indicator pointing upward; we can certainly expect more gains and strength from the Yen. The pair may likely reach the $160.00 resistance level in the days ahead in its medium-term perspective.Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}