{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-remains-in-a-bullish-trend\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-remains-in-a-bullish-trend\/","headline":"USDJPY: Price Remains in a Bullish Trend","name":"USDJPY: Price Remains in a Bullish Trend","description":"The currency pair remains in a bullish trend in both outlooks.Buyers may take their positions as desired.USDJPY Weekly Price Analysis \u2013 March 29At the moment the USDJPY market remains in a bullish trend. The pair may increase further to break up the $151.90 resistance value if an additional effort is being added by the bulls. […]","datePublished":"2024-03-29","dateModified":"2024-03-29","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\/2024\/03\/USDJPY-LNT-6.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/03\/USDJPY-LNT-6.png","height":579,"width":1080},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-remains-in-a-bullish-trend\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":383,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair remains in a bullish trend in both outlooks.Buyers may take their positions as desired.USDJPY Weekly Price Analysis \u2013 March 29At the moment the USDJPY market remains in a bullish trend. The pair may increase further to break up the $151.90 resistance value if an additional effort is being added by the bulls. This might drive the Yen price further up to a $152.00 upper resistance level, resulting in the best forex signal to the long traders. USDJPY MarketKey Levels:Resistance levels: $149.00, $150.00, $151.00Support levels: $140.00, $139.00, $138.00USDJPY Long-term Trend: Bullish (Daily chart)The USDJPY pair looks bullish and remains in a bullish trend on the daily chart. The price can be seen trading above the supply levels facing the overhead resistance.The bulls\u2019 sustained pressure to the $151.55 high mark in the past few days has enhanced the Yen price to remain in a bullish trend in recent times. The market action of USDJPY remains in a bullish trend at the $151.54 supply level which is above the EMA-50 as at the time of writing this article. This suggests that the bulls are getting stronger as the market remains in a bullish trend at the moment.The stochastic oscillator signal pointing up suggests a further increase in the price of USDJPY and this may reach the $152.00 supply level in the coming days in the long-term perspective. USDJPY Medium-term Trend: Bullish (4H Chart)On the medium-term view, the USDJPY price also remains in a bullish trend and this may soon get to the overhead resistance. The high bullish impact on the pair at the $151.41 high level in the previous action has contributed to its bullishness in its recent price level.Today\u2019s 4-hourly bullish candle at $151.50 above the moving averages confirms the bulls’ dominance in the USDJPY market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.Notably, the signal of the stochastic oscillator signal pointing upwards suggests that the upward momentum may likely continue, in light of this, the USDJPY price may rise further to a$152.00 upper resistance value in the nearby days 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. "}