{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-is-experiencing-a-bullish-pressure-2\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-is-experiencing-a-bullish-pressure-2\/","headline":"USDJPY: Is Experiencing a Bullish Pressure","name":"USDJPY: Is Experiencing a Bullish Pressure","description":"USDJPY is facing an increase in buying pressure and may continue in the same direction if it breaks $116.352Overall market sentiment regarding the currency pair remains bullish. USDJPY Weekly Price Analysis \u2013 January 28Should the bulls increase their momentum, the resistance level at $116.352 may be retested.USDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$115.700, $115.850, $116.000Support levels:\u00a0 \u00a0 […]","datePublished":"2022-01-28","dateModified":"2022-01-28","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\/2022\/01\/USDJPYlnt-4.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/01\/USDJPYlnt-4.png","height":588,"width":1079},"url":"https:\/\/forexschoolonline.com\/usdjpy-is-experiencing-a-bullish-pressure-2\/","about":["FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":458,"keywords":["Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"USDJPY is facing an increase in buying pressure and may continue in the same direction if it breaks $116.352Overall market sentiment regarding the currency pair remains bullish. USDJPY Weekly Price Analysis \u2013 January 28Should the bulls increase their momentum, the resistance level at $116.352 may be retested.USDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$115.700, $115.850, $116.000Support levels:\u00a0 \u00a0 \u00a0 \u00a0$113.500, $113.450, $113.400USDJPY Long-term Trend: BullishThe currency pair looks tasty for the buyers in the long-term outlook. The bull’s gradual return at $114.637 above the Exponential moving averages in the resistance area, changes the trend of USDJPY to an upside and sustained it during yesterday\u2019s session.The price level of $115.368 in the resistance area opens today\u2019s daily chart, as the buyers are dominating the market with full force as at the present. The journey to the north continues as the market price of USDJPY rises further to $115.524 in the resistance area.The Yen is up initially at $115.685 in the resistance area; with the price trading above the two EMAs which are glued together suggests an upward momentum in the price of USDJPY. The daily stochastic signal pointing up at around level 92% in the overbought region is an indication of upward momentum in the price of the Yen, sellers are also expected to emerge in the latter days to drop the price of the Yen in the future in the long-term.USDJPY Medium-term Trend: BullishThe USDJPY pair continues in an uptrend market in its medium-term outlook. As we can see from the 4-hourly chart, the currency pair\u2019s price is going up.Today\u2019s 4-hour opening candle at $115.445 in the support area is bearish as the sellers return briefly into the market. The journey down south continues as the sellers drop the price of the currency pair to $115.320 in the support area and lost the momentum.The bull\u2019s in-road and move the price of USDJPY up at $115.534 in the resistance area.The price level of the Yen is initially up at $115.685 which is above the two EMAs in the resistance area, an indication of more buyers present in the market.Thus, the stochastic signal pointing down at level 91% in the overbought region suggests the momentum in the price of USDJPY might encounter a trend reversal in the days ahead, in this case, a downtrend, also sellers are expected to come in sooner to drop the market price of USDJPY in the medium-term.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.                                "}