{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-potential-long-opportunity\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-potential-long-opportunity\/","headline":"USDJPY: Potential Long Opportunity","name":"USDJPY: Potential Long Opportunity","description":"The currency pair now trades in a strong bullish market zone.Buy investors may take their desired position in the key areas. USDJPY Weekly Price Analysis \u2013 September 23The USDJPY market price is facing the positive side and this may continue if the buyers aggressively increase their tension in the market and retain or hold the […]","datePublished":"2022-09-23","dateModified":"2022-09-23","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-8.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/09\/USDJPY-LNT-8.png","height":546,"width":1280},"url":"https:\/\/forexschoolonline.com\/usdjpy-potential-long-opportunity\/","about":["Forex Trading Tools","FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":399,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair now trades in a strong bullish market zone.Buy investors may take their desired position in the key areas. USDJPY Weekly Price Analysis \u2013 September 23The USDJPY market price is facing the positive side and this may continue if the buyers aggressively increase their tension in the market and retain or hold the price above the $146.500 supply level. The price action may extend to a$150.000 high level and beyond.USDJPY MarketKey Levels:Resistance levels: $145.700, $145.800, $145.900Support levels:\u00a0 \u00a0$142.500, $142.400, $142.300USDJPY Long-term Trend: BullishUSDJPY pair is in a bullish market in its higher time frame. The prices are still moving in an ascending trend signaling bullish momentum. The bulls made an increase in the market value of the Yen to $144.704 as the high of the day in the supply area during yesterday\u2019s session and sustained it.This however gives the buyers more strength to continue the upward rally as the price movement jumped to a $145.900 high value above the moving averages as the daily chart opens today. This simply means that the buyers are having the price of USDJPY at their disposal at the present.Additionally, there is a possibility of more upsides as indicated by the daily stochastic which is pointing upwards; this suggests that the momentum in the price of the Yen is still in an uptrend and this may likely continue.We can now expect the buyers to push the market value up to a $150.000 supply value and beyond as we watch the market turns strongly bullish soon in the higher time frame. Hence, buyers may take their position as desired.USDJPY Medium-term Trend: BullishThe USDJPY pair is in a bullish trend in its medium-term outlook. The price bar can be seen above the moving averages.The bulls made an impulse move to the $145.362 resistance level above the moving averages as the 4-hourly session begins today. This indicates an uptrend in the momentum of the pair and a buy signal.However, the stochastic oscillator signal pointing up at around level 91% in the overbought region suggests an upward momentum in the price of the USDJPY.Therefore, the currency pair may likely reach a high at $150.000 sooner as the journey up north continues in its medium-term outlook.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."}