{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-may-decline-to-108-provided-bears-gain-more-pressure\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-may-decline-to-108-provided-bears-gain-more-pressure\/","headline":"USDJPY: Price May Decline To $108 Provided Bears Gain More Pressure.","name":"USDJPY: Price May Decline To $108 Provided Bears Gain More Pressure.","description":"The currency pair is on ranging movement in the long-term while the medium-term outlook is in a bearish move.Patience is needed to either wait for a bullish movement before taking a long position or a bearish movement before taking a short position.USDJPY Weekly Price Analysis \u2013 September 10Further increase in the bears\u2019 pressure may break […]","datePublished":"2021-09-10","dateModified":"2021-09-10","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\/09\/USDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/USDJPY-LNT.png","height":549,"width":1079},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-may-decline-to-108-provided-bears-gain-more-pressure\/","about":["FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":401,"keywords":["Technical Analysis","U.S.Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair is on ranging movement in the long-term while the medium-term outlook is in a bearish move.Patience is needed to either wait for a bullish movement before taking a long position or a bearish movement before taking a short position.USDJPY Weekly Price Analysis \u2013 September 10Further increase in the bears\u2019 pressure may break down at $108.500 level and this may decrease the price to $108.100 and $108.095.USDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$109.700, $109.720, $109.725Support levels:\u00a0 \u00a0 \u00a0 \u00a0$108.100, $108.095, $108.090USDJPY Long-term Trend: RangingUSDJPY is on the ranging movement in its long-term outlook. The bulls and the bears are at the equilibrium level on the daily chart.The bears have been trying to break down the support level of $108 but could not. The bulls are also trying to break up the resistance level of $109 but the level holds.The bears manage to push the price down to $109.621 in the support area as the low during yesterday\u2019s session as the currency pair continues consolidation.A bullish candle at $109.667 in the resistance area with its wick touching the two EMAs opens today\u2019s daily chart within the range.The price is initially up at $109.877 in the resistance area which is below the two EMAs and the stochastic oscillator signal pointing down at around level 60%, an indication of downward momentum within the range in the long term.USDJPY is ranging and trading between $111.600 in the upper resistance area and $108.350 in the lower support area of the range. Patience coupled with a retest is needed before a position is taken.USDJPY Medium-term Trend: BearishOn the medium-term outlook, the pair is in a downtrend. The pair faces rejection at level $110.171 as the Pound resumed a downward moveToday\u2019s 4-hourly chart opens with a bullish candle at $109.702 in the resistance area.The price further rises to $109.887 in the resistance area which is below the two EMAs. The pound has fallen into the oversold region of the market. Buyers are expected to emerge. The EMA-9 and EMA-50 are sloping downward indicating the downtrend.The USDJPY pair is around level 24% range of the daily stochastic in an upward direction in the oversold region, this suggests that the pair might likely encounter a change in trend in the nearby days in the medium-term. 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."}