{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-remains-pressured-above-the-supply-levels\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-remains-pressured-above-the-supply-levels\/","headline":"USDJPY:  Price Remains Pressured above the Supply Levels","name":"USDJPY:  Price Remains Pressured above the Supply Levels","description":"USDJPY price remains pressured above the supply levels. Overall market sentiment regarding the currency pair remains bullish. USDJPY Weekly Price Analysis \u2013 November 1 USDJPY price remains pressured above the supply levels despite the influence of the bears in the order flow. The Yen is experiencing high pressure from the bulls. Conversely, if the bullish […]","datePublished":"2024-11-01","dateModified":"2024-11-01","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\/11\/USDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/11\/USDJPY-LNT.png","height":579,"width":1281},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-remains-pressured-above-the-supply-levels\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":501,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"USDJPY price remains pressured above the supply levels. Overall market sentiment regarding the currency pair remains bullish. USDJPY Weekly Price Analysis \u2013 November 1USDJPY price remains pressured above the supply levels despite the influence of the bears in the order flow. The Yen is experiencing high pressure from the bulls. Conversely, if the bullish pattern persists and sustains above the $161.95 resistance point, the bulls\u2019 trend could continue rising to hit the $170.00 upper high level, suggesting a buying opportunity for long traders. USDJPY MarketKey Levels:Resistance levels: $150.00, $151.00, $152.00Support levels: $146.00, $145.00, $144.00USDJPY Long-term Trend: Bullish (Daily Chart)The USDJPY price remains pressured above the supply levels as the bulls determine the market conditions in the long-term outlook. The price bars are above the supply trend levels, indicating a strong bullish trend.The increase in bulls’ momentum to a $153.48 high level in the past session has enabled the price of USDJPY to remain pressured above the supply levels in its recent high.Despite the interference of the short traders at the $151.91 support level today, the Yen price remains pressured above the supply levels on the daily chart, suggesting an uptrend and more bullish impacts on the currency pair. Meanwhile, staying above the supply levels gives the currency pair the tendency to rise further. Therefore, an increase in buying momentum could turn the USDJPY price positive to hit the $161.95 barrier, triggering the recovery pattern and driving the prices of USDJPY higher to the $170.00 overhead resistance in the coming days as the pair remains pressured above the supply levels in its higher time forecast.USDJPY Medium-term Trend: Bullish (4H Chart)The USDJPY price remains pressured above the supply levels, experiencing a significant price surge in its medium-term outlook. The currency pair is rising, as seen from the chart below. The bullish pressure at the $153.52 resistance level in the past action has made the Yen price remain pressured and stay above the supply trend levels in recent times.Despite the interaction from the bears at the $151.91 low mark, the bulls successfully pulled back the USDJPY price to a $152.74 high mark above the resistance trend lines as the journey up north continues shortly after the 4-hourly chart opens today. The price remains pressured above the supply levels; if this continues, the Yen price could surge to reach the $153.87 previous barrier, as the bulls remain dominant and have the market price at their disposal at the moment. Further, an increase in buying pressure will lead the price of USDJPY towards the upper resistance levels.Hence, the USDJPY price might remain pressured above the supply levels and continue in the same direction as indicated by the daily stochastic pointing in an upward direction. The bulls could aim at the psychological $170.00 upper resistance value in the days ahead as the USDJPY remains pressured above the supply levels in its medium-term perspective.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."}