{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-possibly-reversal-at-the-138-891-support-value\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-possibly-reversal-at-the-138-891-support-value\/","headline":"USDJPY: Possible Reversal at the $138.891 Support Value","name":"USDJPY: Possible Reversal at the $138.891 Support Value","description":"The USDJPY is in a bearish market zone in both the long and short-term view. Price rejection is imminent at the current support value as the market is oversold.USDJPY Weekly Price Analysis \u2013 November 25The USDJPY pair is likely to reverse and face the upside as the selling pressure will soon be exhausted. Should the […]","datePublished":"2022-11-25","dateModified":"2022-11-26","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\/11\/USDJPYLNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/11\/USDJPYLNT.png","height":545,"width":1280},"url":"https:\/\/forexschoolonline.com\/usdjpy-possibly-reversal-at-the-138-891-support-value\/","about":["Forex Trading Tools","FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":414,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The USDJPY is in a bearish market zone in both the long and short-term view. Price rejection is imminent at the current support value as the market is oversold.USDJPY Weekly Price Analysis \u2013 November 25The USDJPY pair is likely to reverse and face the upside as the selling pressure will soon be exhausted. Should the bulls increase their tension in the market, the Yen may turn upside to retest its previous high at the $150.286 level which might possibly extend to a $175.000 supply mark.USDJPY MarketKey Levels:Resistance levels: $150.000, $151.000, $152.000Support levels: $138.700, $138.600, $138.500USDJPY Long-term Trend: BearishThe USDJPY pair at the moment is in a downtrend in its long-term outlook. The bears caused a drop in the market value of the Yen to the $139.161 support level as the low of the day during yesterday\u2019s session and sustained it.This however gives sellers more strength to continue the downward movement as the daily chart opens today at the $138.551 support level.The reaction from the sellers drops the price action of USDJPY further down to the $138.421 support level below the moving average lines. This shows that the bears are in control of the market at the time of writing this article.Hence, there is a possibility of rejection in the price of the pair soon as the market now trades below the 10% range of the daily stochastic. This will enable the bulls to resume their bullish trend, as a result of this, the currency pair might reach the $175.000 upper resistance mark in the coming days in the long-term outlook.USDJPY Medium-term Trend: BearishUSDJPY is in a bearish market zone in its medium-term perspective. The sustained bearish pressure dropped the pair further down to the $138.758 low level and sustained it during yesterday\u2019s session.The bears still dominate at the movement of the price of USDJPY down to the $138.885 support value below the two EMAs as the 4-hourly chart opens today. An indication of a downtrend. Meanwhile, the price of USDJPY is pointing up at around 16% in the oversold region of the daily stochastic. This indicates that the selling pressure has ended and the bull will most likely return the Yen price to the upside now. If this is achieved, the bullish correction rally might hit the $175.000 high value in the nearby days in its medium-term challenge.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."}