{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-may-reach-the-150-00-resistance-mark\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-may-reach-the-150-00-resistance-mark\/","headline":"USDJPY Price May Reach the $150.00 Resistance Mark","name":"USDJPY Price May Reach the $150.00 Resistance Mark","description":"The currency pair still trades in a bullish market zone.Buyers remain dominant in the market at the moment.USDJPY Weekly Price Analysis \u2013 September 22There is a possibility for the USDJPY price to reach the $150.00 resistance mark despite the uncertainties in the market. This will be attained, if there is an interruption by buyers, the […]","datePublished":"2023-09-22","dateModified":"2023-09-22","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\/2023\/09\/USDJPY-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/09\/USDJPY-LNT-2.png","height":470,"width":1281},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-may-reach-the-150-00-resistance-mark\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":472,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair still trades in a bullish market zone.Buyers remain dominant in the market at the moment.USDJPY Weekly Price Analysis \u2013 September 22There is a possibility for the USDJPY price to reach the $150.00 resistance mark despite the uncertainties in the market. This will be attained, if there is an interruption by buyers, the bullish correction pattern may increase the Yen price above the current price which might possibly hit the $150.00 upper supply trend line and beyond.USDJPY MarketKey Levels:Resistance levels: $140.000, $141.000, $142.000Support levels: $130.000, $129.000, $128.000USDJPY Long-term Trend: BullishThe currency pair trades in a bullish trend zone in its long-term view. 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. Thus, the recent trend may reach the $150.00 resistance point.The USDJPY price on the daily chart today is currently facing resistance and trading above the EMAs at the $148.16 correction level. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at present. The ongoing bullish recovery will remain intact until the currency pair sustains above the pattern\u2019s supply trend line.Adding to this, there is likely to be a further breakout attempt soon as the price of USDJPY points upward. If the bulls could change their orientation and push harder, the next bullish race may possibly reach the $150.00 upper resistance trend line in the coming days in its higher time frame. USDJPY Medium-term Trend: BullishUSDJPY price is in a bullish posture and also trades in an uptrend in its medium-term outlook. The price bar is seen above the moving averages which confirms its uptrend. Hence, this may likely reach the $150.00 supply mark soon.The intervention from the bulls at the $147.84 supply value in the previous action has made the price of USDJPY stay above the supply trend line in recent times.The market value of USDJPY increased significantly to a $148.11 high level above the two EMAs shortly after the commencement of the 4-hour chart today, indicating that positive sentiment is returning to the market. Thus, sellers need to add more pressure to their activities to move the market beyond the current price level.In addition, the market value of USDJPY is pointing upwards around level 75% of the daily stochastic. This will compel the buy traders to cluster around the market and push the price further up.As a result, the price of USDJPY may likely reach the $150.00 upper resistance value in the coming days in its medium-term outlook as we watch buyers dominating the market.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. "}