{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-may-decline-to-137-00-support-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-may-decline-to-137-00-support-level\/","headline":"USDJPY: May Decline to $137.00 Support Level","name":"USDJPY: May Decline to $137.00 Support Level","description":"USDJPY may decline to the $137.00 lower support level.Sellers may take over the marker soon. USDJPY Weekly Price Analysis \u2013 December 13 The USDJPY pair anticipates more drops and may decline to the lower support level as the bears begin the selling pressure. If the bearish turnaround breaks below the EMA-50, sellers could strengthen their […]","datePublished":"2024-12-13","dateModified":"2024-12-13","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\/12\/USDJPY-LNT-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/12\/USDJPY-LNT-1.png","height":579,"width":1281},"url":"https:\/\/forexschoolonline.com\/usdjpy-may-decline-to-137-00-support-level\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":431,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"USDJPY may decline to the $137.00 lower support level.Sellers may take over the marker soon. USDJPY Weekly Price Analysis \u2013 December 13The USDJPY pair anticipates more drops and may decline to the lower support level as the bears begin the selling pressure. If the bearish turnaround breaks below the EMA-50, sellers could strengthen their grip over the Yen for a renewed correction trend to the $139.57 support value and extend to the $137.00 lower support level, resulting in a potential sell opportunity for short traders.USDJPY MarketKey Levels:Resistance levels: $156.00, $157.00, $158.00Support levels: $151.00, $151.00, $15.00USDJPY Long-term Trend: Bullish (Daily Chart)The USDJPY pair is bullish, but it\u2019s starting to turn bearish and may decline to lower support in its long-term outlook. The bulls\u2019 pressure at the $152.84 high level in the previous action has enabled the Yen price to stay in an upward growth in its recent low price. The USDJPY pair may decline further as it drops to a $151.94 low value above the EMA-50, suggesting a bullish trend.Meanwhile, the bulls are getting weaker as sellers are about to dominate the market. Therefore, if sellers increase their activities, the USDJPY market may decline to hit the $139.57 previous barrier, attracting short-term players.The stochastic oscillator signal pointing down at around level 69% suggests there may be a bearish continuation pattern, and in this case, the USDJPY price may decline to the $137.00 lower support level in the coming days in its long-term perspective.Therefore, sellers may wait for this action to take place before taking their desired position.USDJPY Medium-term Trend: Bullish (4H)USDJPY price may decline further as it begins the bearish pressure in its medium-term perspective. The Yen price is above the supply levels, indicating a bullish trend.Actions from the bears dropped the pair to a low of $152.19 level above the EMA-50 after the opening of the 4-hourly chart today, indicating the short traders are returning gradually to stage a play and may decline further to the lower support level.However, if the sell traders could prove stronger and break below the supply level, the USDJPY price may decline to its all-time low at $148.79 level, presenting a selling opportunity. The stochastic oscillator signal pointing down at around level 76% suggests the overall outlook is downward momentum and may decline to reach the $137.00 lower support level in the coming days in the medium-term.Hence, sellers may wait for this to happen before placing their order.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."}