{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-gradually-gaining-momentum\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-gradually-gaining-momentum\/","headline":"USDJPY \u2013 Gradually Gaining Momentum","name":"USDJPY \u2013 Gradually Gaining Momentum","description":"USDJPY is facing more pressure from the bulls. The currency pair is in an upward momentum both in the long-term and medium-term outlooks. USDJPY Weekly Price Analysis \u2013 May 28The pair now remains strongly bullish after failing to retest the uptrend line at a level $110.998 USDJPY MarketKey Levels:Resistance levels: $110.700, $110.800, $110.900Support levels:\u00a0 \u00a0 […]","datePublished":"2021-05-29","dateModified":"2021-05-29","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\/2021\/05\/USDJPY-LNT-5.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/USDJPY-LNT-5.png","height":568,"width":1073},"url":"https:\/\/forexschoolonline.com\/usdjpy-gradually-gaining-momentum\/","about":["FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":325,"keywords":["Technical Analysis","U.S.Dollar Japanese Yen","USDJPY"],"articleBody":"USDJPY is facing more pressure from the bulls. The currency pair is in an upward momentum both in the long-term and medium-term outlooks. USDJPY Weekly Price Analysis \u2013 May 28The pair now remains strongly bullish after failing to retest the uptrend line at a level $110.998 USDJPY MarketKey Levels:Resistance levels: $110.700, $110.800, $110.900Support levels:\u00a0 \u00a0 \u00a0$102.400, $102.300, $102.200USDJPY Long-term Trend: BullishUSDJPY is bullish on the daily chart. The impulse move to $109.923 in the resistance area during yesterday\u2019s session sustains the bullish momentum within the range.Today\u2019s daily chart opens with the formation of a bullish harmer candle at $109.750 in the resistance area. This shows there is a high buying pressure in the currency pair.The price of USDJPY is initially up at $110.119 in the resistance area above the two EMAs, these indicate upward movement in the momentum of the USDJPY price.The stochastic oscillator pointing up at level 78% in the overbought region implies the trend may likely remain in an upward move in the days ahead in the long term. Hence sellers\u2019 relief. USDJPY Medium-term Trend: BullishOn the 4-hourly chart, the market is in an upward move. The moving averages are sloping upward indicating the uptrend.Bears\u2019 brief return at $109.927 in the support area opens today\u2019s 4-hourly session.Continuation to the north is confirmed by the bullish candle at $110.199 as the high of the day in the resistance area at the time of writing this article.Sellers\u2019 brief return drops the price down to $109.912 in the support area. The price is above the two EMAs an indication of an upward movement in the momentum of the price of USDJPY, in this case, more buyers in the market.The stochastic oscillator pointing down at level 90% in the overbought region signals a trend reversal in the days ahead. Note: Forexschoolonline.com is 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."}