{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-is-experiencing-a-bullish-pressure\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-is-experiencing-a-bullish-pressure\/","headline":"USDJPY: Is Experiencing A Bullish Pressure","name":"USDJPY: Is Experiencing A Bullish Pressure","description":"The overall outlook of the currency pair market is bullish in trend.The bears have temporal control in the market.USDJPY Weekly Price Analysis \u2013 October 1USDJPY price now trades at the top part of the rising channel close to the upper resistance area.USDJPY MarketKey Levels:Resistance levels:\u00a0 $111.950, $112.000, $112.050Support levels:\u00a0 \u00a0 \u00a0 $108.400, $108.300, $108.200USDJPY Long-term […]","datePublished":"2021-10-01","dateModified":"2021-10-01","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\/10\/USDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/USDJPY-LNT.png","height":549,"width":1079},"url":"https:\/\/forexschoolonline.com\/usdjpy-is-experiencing-a-bullish-pressure\/","about":["FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":374,"keywords":["Technical Analysis","U.S.Dollar Japanese Yen","USDJPY"],"articleBody":"The overall outlook of the currency pair market is bullish in trend.The bears have temporal control in the market.USDJPY Weekly Price Analysis \u2013 October 1USDJPY price now trades at the top part of the rising channel close to the upper resistance area.USDJPY MarketKey Levels:Resistance levels:\u00a0 $111.950, $112.000, $112.050Support levels:\u00a0 \u00a0 \u00a0 $108.400, $108.300, $108.200USDJPY Long-term Trend: BullishUSDJPY price may head towards $112.049 as currency pair\u2019s traders turn bullish. After few days of increased actions by the bulls, the momentum lost, and bears returns to take over. $111.942 bearish candle opened yesterday\u2019s session in the support area with $112.078 high and low at $111.239 returned the Yen within the range.Today\u2019s daily chart at $111.254 opens with the formation of a pin bar hammer in the support area.The price of USDJPY is initially down at $111.115 in the support area above the two EMAs which are fanned apart, an indication of upward momentum in the price of the Yen.Meanwhile, the price of USDJPY is in the overbought region of the daily stochastic pointing downwards at around level 86%. This indicates that the price might remain in a bearish momentum and a sell signal in the nearby days in the long term.USDJPY Medium-term Trend: BullishThe currency pair is in a bullish trend in its medium-term outlook. The bulls\u2019 increase momentum moves the price up at $116.061 in the resistance area with its wick touching the resistance area line during yesterday\u2019s session.Today\u2019s 4-hourly opening candle at $111.397 in the support area is bearish as the bear\u2019s in-road to the market in a grand style.USDJPY drops further down to $111.116 in the support area. Bull\u2019s brief return moves the price up at $111.191 in the resistance area as the session continues.Reactions from the bulls now move the price up at $111.119 above the EMA-50, which indicates that the bulls are in control of the market at the present. The signal of the stochastic oscillator pointing up at around level 15% in the oversold region implies upward momentum in the price of USDJPY within the range 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. "}