{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-may-break-down-114-148-support-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-may-break-down-114-148-support-level\/","headline":"USDJPY: Price May Break Down $114.148 Support Level","name":"USDJPY: Price May Break Down $114.148 Support Level","description":"The currency pair remains in a bullish market zone. Buyers still dominating the market slightly.USDJPY Weekly Price Analysis \u2013 February 25The price may continue its bearish movement if the daily candle closes below the $114.148 support level, the support levels of $113.669 and $113.659 may be the target.USDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 $115.700, $115.750, $115.800Support […]","datePublished":"2022-02-25","dateModified":"2022-02-25","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\/02\/USDJPY-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/02\/USDJPY-LNT-2.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-may-break-down-114-148-support-level\/","about":["FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":424,"keywords":["Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair remains in a bullish market zone. Buyers still dominating the market slightly.USDJPY Weekly Price Analysis \u2013 February 25The price may continue its bearish movement if the daily candle closes below the $114.148 support level, the support levels of $113.669 and $113.659 may be the target.USDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 $115.700, $115.750, $115.800Support levels:\u00a0\u00a0 \u00a0 \u00a0 \u00a0 $115.149, $115.049, $114.949USDJPY Long-term Trend: BullishThe currency pair is bullish on the daily chart. The bullish momentum has pushed the Yen to find resistance at the $115.695 price level during yesterday\u2019s session. From here, the bears started to step back in and pushed the market lower to $115.494 as the daily chart opens today.Increased momentum by the bears drops the price further down to the $115.325 support level. The current market price at the $115.149 support level which is above the two EMAs suggests that the bulls are getting weaker and the bears are trying to in-road the market gradually.The momentum indicator shows that the price signal is also moving downwards at around level 45% moving towards the overbought region, indicating that USDJPY may continue the downward trend in the days ahead in the long-term perspective.USDJPY Medium-term Trend: BullishOn the 4-hour chart, the currency pair is in an upward trend zone. The sustained bullish pressure pushes the pair further up at the $116.695 resistance level after which the bulls lost the momentum and the bears came in and dropped the price down to $115.384 before the end of yesterday\u2019s session. Today\u2019s 4-hourly chart opens with a bearish candle at a $115.438 support level as the sellers continue with the trend.Activities from the sellers drop the market price of USDJPY further down to the $115.149 support level.The momentum was lost while the bulls were in-road briefly and moved the market price of the Yen up to the $115.279 resistance level.The price of the USDJPY pair is currently trading at a $115.351 resistance level above the two EMAs which are glued together; this implies that the momentum in the price of the Yen is in an uptrend.The signal of the stochastic oscillator signal points up at around level 68% approaching the overbought region. It suggests the overall outlook shows upward momentum and may likely commence a bearish movement soon in the nearby days in the medium term.Hence, sellers need to wait for this action to take place before placing their orders at key areas.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. "}