Buyers may take their desired position as the pair reaches their buying time.
The currency pair still trades in a bullish market zone.
USDJPY Weekly Price Analysis – February 23
At the moment the USDJPY remains on the positive side. The price at the moment has reached its buying time with huge volume from the bulls. If the coin price could sustain above the pattern supply trend line at the $151.60 level, the Yen price may trigger up to the overhead resistance mark at the $152.00 level, thus a clear buy signal.
USDJPY Market
Key Levels:
Resistance levels: $148.00, $149.00, $150.00
Support levels: $140.00, $139.00, $138.00
USDJPY Long-term Trend: Bullish (Daily Chart)
The USDJPY pair is strongly trading in a bullish momentum in its long-term outlook. The price bars can be seen above the resistance trend levels suggesting it’s buying time and also confirming its bullishness. The currency pair has been in favor of the bulls in recent times.
The pair has been making a series of high highs and high lows in the past days and has sustained the price to remain firm and stronger above the resistance trend levels in its recent high.
The USDJPY reached its buying time as the bulls pushed the price up to a $150.26 supply level above the EMA-50 as the journey up north continues shortly after the daily chart opens today. This indicates that the bulls remain dominant and the buying time is now as the bulls are having the market price at their disposal at the moment. Further increase in the buying pressure might lead the coin price to the $151.60 high mark.
Hence, a bullish impact by the buy investors toward the higher side is likely as indicated by the momentum indicator pointing in an upward direction, the bulls could therefore aim at the psychological level of $152.00 resistance value in the days ahead as the USDJPY reaches its buying time and remains firm above the supply trend levels in its long-term perspective.
USDJPY Medium-term Trend: Bullish (4H Chart)
The market price of USDJPY is currently trading in a bullish market zone and also reached its buying time at the $150.26 price level. This is due to the high inflows from the buy traders. 
The bullish impact on the Yen to the $10.00 supply level during the previous action has sustained its firmness above the supply levels in its recent dominant level.
The USDJPY price on the 4-hour chart today is currently facing the upper resistance and trading at the $150.26 supply level above the EMA. This suggests that the pair is now at its buying time as the trading session continues. Hence, a strong break above the $150.80 previous high level would strengthen the bullish pressure.
In continuation, the daily stochastic remains in an upward direction. This means that the bullish trend will most likely continue and this may extend the USDJPY’s buying time and this may reach the $152.00 upper high mark in the days ahead in its medium-term time frame.
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