{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-still-trades-in-uptrend\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-still-trades-in-uptrend\/","headline":"USDJPY : Price Still Trades In Uptrend","name":"USDJPY : Price Still Trades In Uptrend","description":"The currency pair is in a bullish trend in both the long-term and the medium-term outlook respectively.Patience is required at this period. USDJPY Weekly Price Analysis \u2013 August 27Should the buyers increase their momentum, the resistance level of $111.097 may be retest.USDJPY MarketKey Levels:Resistance levels:\u00a0 $111.000, $111.005, $111.010Support levels:\u00a0 \u00a0 \u00a0 $107.424, $107.420, $107.416USDJPY Long-term […]","datePublished":"2021-08-27","dateModified":"2021-08-27","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\/2021\/08\/USDJPY-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/USDJPY-LNT-2.png","height":508,"width":1033},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-still-trades-in-uptrend\/","about":["FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":366,"keywords":["Technical Analysis","U.S.Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair is in a bullish trend in both the long-term and the medium-term outlook respectively.Patience is required at this period. USDJPY Weekly Price Analysis \u2013 August 27Should the buyers increase their momentum, the resistance level of $111.097 may be retest.USDJPY MarketKey Levels:Resistance levels:\u00a0 $111.000, $111.005, $111.010Support levels:\u00a0 \u00a0 \u00a0 $107.424, $107.420, $107.416USDJPY Long-term Trend: Bullish USDJPY is in a bullish trend zone in its long-term outlook. The bull’s impulsive movement moved the pair up to $110.230 in the resistance area during yesterday\u2019s session.A bearish spinning top hammer at $110.083 opens today\u2019s daily session in the support area within the range. USDJPY further drops to $109.885 in the support area, above the two EMAs. An indication of upward momentum in the context of the market.The stochastic oscillator signal pointing up at level 55% suggests that the momentum in the price of USDJPY may likely continue in the same direction in the days ahead in the long term perspective.USDJPY Medium-term Trend: Bullish USDJPY is in a bullish trend market in its medium-term outlook. The bears\u2019 pressure was sustained as it continued to push the price of USDJPY further down to $109.964 below the EMA-9 in the support area during yesterday\u2019s session. However, the formation of the pin bar hammer at $110.083 in the support area at the close of yesterday\u2019s session signals a trend reversal. Hence bulls\u2019 brief return.Bears continue the journey down south as the 4-hourly chart opens today at $110.055 in the support area.The bulls\u2019 returns briefly and move the price up at $109.991 in the resistance area within the range.The price of USDJPY is initially up at $109.991 in the resistance above the EMA-50, this implies that the market trend is in an uptrend.However, the stochastic signal pointing down at around level, 60% in the oversold region suggests that the momentum in the price of the Yen may likely encounter a trend reversal and in this case a downtrend in the future in its medium-term outlook. Patience is required here before taking a position.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."}