{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-could-move-higher-2\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-could-move-higher-2\/","headline":"USDJPY: Price Could Move Higher","name":"USDJPY: Price Could Move Higher","description":"Staying above EMA-50 can lead to strong growth for USDJPY.Overall market sentiment regarding the currency pair remains bullish. USDJPY Weekly Price Analysis \u2013 October 22 The bullish trend may continue provided the $113.651 level holds.USDJPY MarketKey Levels: Resistance levels:\u00a0 \u00a0$114.400, $114.450, $114.500Support levels:\u00a0 \u00a0 \u00a0 \u00a0$109.100, $109.050, $109.000.USDJPY Long-term Trend: BullishUSDJPY is trading in is […]","datePublished":"2021-10-22","dateModified":"2021-10-22","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\/2021\/10\/USDJPY-LNT-6.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/USDJPY-LNT-6.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-could-move-higher-2\/","about":["Trade Idea","Trade Setups","USD\/JPY"],"wordCount":365,"keywords":["Technical Analysis","U.S.Dollar Japanese Yen","USDJPY"],"articleBody":"Staying above EMA-50 can lead to strong growth for USDJPY.Overall market sentiment regarding the currency pair remains bullish. USDJPY Weekly Price Analysis \u2013 October 22 The bullish trend may continue provided the $113.651 level holds.USDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$114.400, $114.450, $114.500Support levels:\u00a0 \u00a0 \u00a0 \u00a0$109.100, $109.050, $109.000.USDJPY Long-term Trend: BullishUSDJPY is trading in is an uptrend market zone in its long-term perspective as we can see from the daily chart. The bears managed to drop the price down at $113.651 in the support area as low of the day during yesterday\u2019s session as the Yen remains in an upward trend.The bears\u2019 increased momentum lost as the bulls\u2019 take over and opens today\u2019s daily chart with a bullish doji candle at $113.967 in the resistance area. An indication of a trend reversal.The reaction from the bulls pushes the price of USDJPY further up to $114.207 in the resistance area at the time of writing this article.A divergence is noticed as the signal of the stochastic oscillator points down at around level 81% in the overbought region and the price stays above the two EMAs. It suggests that the overall outlook shows an upward momentum while a temporary drawdown may occur within the range in the days ahead in the long term.USDJPY Medium-term Trend: BullishThe currency pair looks bullish in its medium-term outlook. The formation of an inverted bearish candle at $114.107 in the support area opens today\u2019s 4-hourly chart. The bear drops the price of USDJPY down to $114.001 in the support area. The journey down south continues as the initial price of the Yen moves down to $113.909 in the support area.The price of USDJPY which is below the EMA-9 indicates that sellers are gaining momentum in the market at the present and the bulls are going on hibernation.The stochastic oscillator signal is pointing downwards at around level 30% in the oversold region suggests the momentum in price is in a downtrend and sellers may remain in dominant of the market in the days ahead in the medium-term.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."}