{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-may-likely-drop-soon\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-may-likely-drop-soon\/","headline":"USDJPY \u2013May Likely Drop Soon","name":"USDJPY \u2013May Likely Drop Soon","description":"USDJPY is having a bullish posture both in the long-term and medium-term outlooks. The market may experience a trend reversal soon.USDJPY Weekly Price Analysis \u2013 September 16The currency pair may likely pull back at the $143.338 supply level if the sell traders should put more effort into their tension, the price of USDJPY may decline […]","datePublished":"2022-09-16","dateModified":"2022-09-16","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\/09\/USDJPY-LNT-6.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/09\/USDJPY-LNT-6.png","height":489,"width":1280},"url":"https:\/\/forexschoolonline.com\/usdjpy-may-likely-drop-soon\/","about":["Forex Trading Tools","FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":332,"keywords":["FX Technical Analysis","Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"USDJPY is having a bullish posture both in the long-term and medium-term outlooks. The market may experience a trend reversal soon.USDJPY Weekly Price Analysis \u2013 September 16The currency pair may likely pull back at the $143.338 supply level if the sell traders should put more effort into their tension, the price of USDJPY may decline to a low at the $131.597 level and beyond.USDJPY MarketKey Levels:Resistance levels: $143.700, $143.800, $143.900Support levels:\u00a0 \u00a0$142.500, $142.400, $142.300USDJPY Long-term Trend: BullishUSDJPY is bullish on the daily chart bullish momentum within the range. The bear\u2019s pressure on the currency pair at a $142.549 low level further led to a decrease in the market price of the Yen during yesterday\u2019s session.The sellers lost momentum as the daily chart opens today with a bullish candle at the $143.802 supply level above the moving averages.However, divergence is noticed as the market price of USDJPY is now pointing downwards in the overbought region of the market. This means that the buying pressure has been exhausted and the sell traders will resume a downward move soon and the price may likely decline to the $131.597 support level in the days ahead in its higher time frame.USDJPY Medium-term Trend: BullishOn the 4-hourly chart, the market is in an upward move. The price bars are seen above the moving averages indicating an upward momentum.Today\u2019s 4-hourly opening chart opens with a bullish candle at the $143.131 resistance level as the bulls remain dominant at the present. However, the price of USDJPY may likely drop as the market is approaching the overbought region.The sellers might possibly slump the price soon and in this case to a downtrend if the sell traders put more aggression to their activities in the market. The price may possibly decline to a $131.597 low level soon in the medium-term perspective.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."}