• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

USDJPY: Price Still Trades in an Uptrend

Johnathon Fox
06/30/2023 | UPDATED ON: 06/30/2023

USDJPY is facing more pressure from the bulls.
Overall market sentiment regarding the currency pair remains bullish.

USDJPY Weekly Price Analysis – June 30
The USDJPY pair is currently running a bullish race as the Yen is facing high pressure from the bulls. USDJPY price still trades in an uptrend. Conversely, if the market prices sustain above the level of $144.195, the bulls’ trend would continue upward and possibly hit the $150.000 upper high level.

USDJPY Market
Key Levels:
Resistance levels: $148.000, $149.000, $150.000
Support levels: $129.000, $128.000, $127.000
USDJPY: Price Still Trades in an Uptrend
USDJPY Long-term Trend: Bullish (Daily Chart)
As we can see from the daily chart above, upward pressure still dominates the higher time frame. The price bars are trading above the supply trend levels, indicating a strong bullish trend.

The bulls’ increased momentum pushed the price of USDJPY up to $144.176 during yesterday’s session and sustained it, this made it possible for the pair to maintain its upside move in its recent high.

The bullish momentum continues today as buyers move the market price of the pair from there up to the $144.195 resistance level as the daily chat opens today. This is an indication of more bullish impacts on the currency pair.

A bullish breakout from the current resistance will trigger the recovery pattern and drive the prices of USDJPY higher to hit the previous high of $144.176 supply value.

Also, USDJPY is showing more upside possibilities; therefore we can certainly expect more strength from the Yen and this may likely get to a $150.000 supply mark in the coming days in its long-term outlook.

USDJPY Medium-term Trend: Bullish (4H Chart)
The USDJPY market price continues in an uptrend in its medium-term outlook. The pair’s market price is rising as we can see from the chart below.
USDJPY:  Price Still Trades in an Uptrend
The bullish pressure at the $144.176 resistance level in the past action has made the Yen price stay above the supply trend levels in its recent times.

Despite the interaction from the bears, the bulls successfully pushed the Yen price up to the $144.195 high mark above the resistance trend lines as the journey up north continues shortly after the 4-hourly chart opens today.

This indicates that the bulls remain dominant and are having the market price at their disposal at the moment. Further increase in the buying pressure will lead the price of USDJPY above the supply key levels.

Hence, a bullish impact by the buy investors toward the higher side is likely as indicated by the daily stochastic pointing in an upward direction.

The bulls could therefore aim at the psychological level of $150.000 upper resistance value in the days ahead as the USDJPY remains firm above the supply levels in its medium-term perspective.

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.

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

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.

View all posts by Johnathon Fox →
Previous Post: « Lucky Block Price Prediction: LBLOCKUSD Maintains Strength above Supply Trend Levels, Invest Now!
Next Post: Stellar (XLMUSD) Remains Strong above the $0.1034 Supply Value »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

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.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US