{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-is-gaining-momentum\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-is-gaining-momentum\/","headline":"USDJPY: Is Gaining Momentum","name":"USDJPY: Is Gaining Momentum","description":"The overall outlook of the currency pair market is bullish in trend.Buying may be considered at the key areas.USDJPY Weekly Price Analysis \u2013 October 8 Staying above the two EMAs can lead to strong growth for USDJPY.USDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$111.800, $111.900, $112.000Support levels:\u00a0 \u00a0 \u00a0 \u00a0$109.000, $108.000, $107.000.USDJPY Long-term Trend: BullishUSDJPY is in a […]","datePublished":"2021-10-08","dateModified":"2021-10-08","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-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/USDJPY-LNT-2.png","height":549,"width":1079},"url":"https:\/\/forexschoolonline.com\/usdjpy-is-gaining-momentum\/","about":["FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":352,"keywords":["Technical Analysis","U.S.Dollar Japanese Yen","USDJPY"],"articleBody":"The overall outlook of the currency pair market is bullish in trend.Buying may be considered at the key areas.USDJPY Weekly Price Analysis \u2013 October 8 Staying above the two EMAs can lead to strong growth for USDJPY.USDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$111.800, $111.900, $112.000Support levels:\u00a0 \u00a0 \u00a0 \u00a0$109.000, $108.000, $107.000.USDJPY Long-term Trend: BullishUSDJPY is in a bullish market zone in its long-term outlook. The bull’s increased momentum pushed the price of the currency pair up at $111.651 above the two EMAs in the resistance area during yesterday’s session and sustained it.Today\u2019s daily chart at $111.607 opens with a bullish candle. The bulls\u2019 pressure on the pair pushes the price further up at $111.928 in the resistance area.Price is above the two EMAs\u2019 which indicates an uptrend in the context of the strength of the market. The bulls are in control at the moment.The stochastic signal pointing up at around level 86% in the overbought region implies that the momentum in the price of the USDJPY is in an uptrend in the long term. Hence seller\u2019s relief.USDJPY Medium-term Trend: BullishThe currency pair is in a bullish trend zone in its medium-term perspective. The bullish candle at $111.625 in the resistance area during yesterday’s session sustains the bullish momentum up.Today\u2019s 4-hourly session opens on a bullish note at $111.718 in the resistance area.Price further rises to $111.928 as it journeys to the north. Bears return briefly and drop the price down to $111.896 in the support area which is above the EMAs.With the Yen\u2019s price above the two EMAs, this is an indication that the market is in an uptrend and the bulls are in control of the market at the present.However, the stochastic oscillator signal pointing upwards at around level 92% in the overbought region suggests that the price of USDJPY may likely continue in the same trend in this case an uptrend, in the nearby days 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."}