{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-at-possible-buy-opportunity\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-at-possible-buy-opportunity\/","headline":"USDJPY: Price at Possible Buy Opportunity","name":"USDJPY: Price at Possible Buy Opportunity","description":"The currency pair is a possible buy opportunity.USDJPY price remains in an uptrend.USDJPY Weekly Price Analysis \u2013 July 12Today, the USDJPY pair is at a possible buy opportunity and sends a clear bullish signal that the bulls are still strong. The Yen is facing high pressure from the long traders and will most likely continue […]","datePublished":"2024-07-12","dateModified":"2024-07-12","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\/07\/USDJPY-LNT-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/07\/USDJPY-LNT-1.png","height":579,"width":1281},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-at-possible-buy-opportunity\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":525,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair is a possible buy opportunity.USDJPY price remains in an uptrend.USDJPY Weekly Price Analysis \u2013 July 12Today, the USDJPY pair is at a possible buy opportunity and sends a clear bullish signal that the bulls are still strong. The Yen is facing high pressure from the long traders and will most likely continue its bullish run. If the bullish pressure persists and the price shows sustainability above the $161.95 previous high value, the next price target could be as high as the $170.00 upper resistance level, resulting in a potential buy opportunity for the long traders.USDJPY MarketKey Levels:Resistance levels: $159.00, $160.00, $161.00Support levels:\u00a0 \u00a0 $146.00, $145.00, $144.00USDJPY Long-term Trend: Bullish (Daily Chart)The USDJPY pair displays a high momentum bullish rally and remains at a possible buy opportunity in the higher time frame. The chart shows that the coin is at the upper trajectory close to the upper resistance channel. This is another opportunity to buy the USDJPY pair and a turnaround for the coin-buy investors.The sustained bullish pressure on the currency pair in the past few days has sustained the Yen price above the supply trend levels in its recent high. This has enhanced the price to stay in green-ready and remain at a possible buy opportunity for the buy traders.Today, buyers made a strong push from the $161.28 high mark to the $161.61 supply value above the EMA-50, confirming a bullish strong breakout and a possible buy opportunity. This shows the high impact of the buy traders on the USDJPY market; likewise, the downside risk currently remains on hold.Therefore, if the bulls should increase their tension in the market, the price tendency may likely break the $161.95 resistance value, resulting in an intraday gain for the buy traders. In addition, continuation of the upsides is likely as the price indicator projects an upward move. It implies that the bullish trend will most probably continue and the pattern might hit the $170.00 resistance trend line soon as well as a possible buy opportunity in its long-term view.USDJPY Medium-term Trend: Bullish (4H Chart)The currency pair continues in an upward move in its short-term perspective. The coin price is undeniably at a possible buy opportunity above the moving averages. So, let\u2019s sit back and watch the bulls take us higher.Buyers are confident about gaining higher levels and this confirms their high impacts on the USDJPY market at the present. The market price of USDJPY which increases to a $161.61 high level above the moving average, suggests a possible buy opportunity and improved bullish market sentiment. Thus, closing the 4-hour session above the $161.93 resistance level will put the trade more on the buy side.Meanwhile, buyers are observed gathered around the market, as evidenced by the momentum indicator moving upwards, implying that buyers will continue to control the USDJPY price, and this bullish rally may bring the price to the $170.00 barrier level shortly, as the Yen suggests a possible buy opportunity on the medium-term chart.Note: Forexschoolonline.com is 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."}