{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-more-pumps-ahead\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-more-pumps-ahead\/","headline":"USDJPY: More Pumps Ahead","name":"USDJPY: More Pumps Ahead","description":"USDJPY looks bullish in the long-term outlook and in a bearish structure in the medium-term outlook.There is the possibility of price reversal to the upside soon. USDJPY Weekly Price Analysis \u2013 July 29In case the current support level at $134.229 holds, the USDJPY price may rebound and increase to a $139.388 high level.USDJPY MarketKey Levels:Resistance […]","datePublished":"2022-07-29","dateModified":"2022-07-29","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\/07\/USDJPYLNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/07\/USDJPYLNT-2.png","height":546,"width":1280},"url":"https:\/\/forexschoolonline.com\/usdjpy-more-pumps-ahead\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":357,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"USDJPY looks bullish in the long-term outlook and in a bearish structure in the medium-term outlook.There is the possibility of price reversal to the upside soon. USDJPY Weekly Price Analysis \u2013 July 29In case the current support level at $134.229 holds, the USDJPY price may rebound and increase to a $139.388 high level.USDJPY MarketKey Levels:Resistance levels: $139.400, $139.500, $139.600Support levels: $134.200, $134.100, $134.000USDJPY Long-term Trend: BullishThe USDJPY pair is in a bullish trend zone in its long-term outlook. The sustained selling pressure dropped the market value of the Yen to a $136.320 low level during yesterday\u2019s session. The daily chart opens today on a bearish note at the $136.535 support level which is above the EMA-50 but below the EMA-9, this indicates that the trend is still in an uptrend. Staying above the EMA-50 will make it capable for the pair to rise to the upside easily soon.The USDJPY has fallen below the 20% range of the daily stochastic. It means that the selling pressure is likely to end soon. This will compel the pair to resume its uptrend and begin to pump upsides to a significant level in the resistance area in the days ahead in its long-term view.Buyers may need to wait for this action to commence before placing their orders in the long-term time frame. USDJPY Medium-term Trend: BearishThe currency pair is in a bearish trend zone. The moving averages are sloping upward indicating a downtrend.The formation of a bearish candle at the $136.157 support level which is below the moving averages opens today\u2019s 4-hourly chart.The market price of USDJPY is initially down at the $134.197 support level below the two EMAs, this indicates a bearish movement in the price of the Yen.However, the price may likely commence its upside movement soon as the market is already oversold. We, therefore, expect the buyers to resume the bullish movement sooner and take us to a high level in the nearest days 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."}