{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-suggests-a-buy-signal-at-148-49-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-suggests-a-buy-signal-at-148-49-level\/","headline":"USDJPY Price Suggests a Buy Signal at $148.49 Level","name":"USDJPY Price Suggests a Buy Signal at $148.49 Level","description":"The USDJPY price suggests a buy signalThe market is positive and will most likely continue in the same trendUSDJPY Weekly Price Analysis \u2013 February 9At the moment the USDJPY pair remains on the positive side and suggests a buy signal at the $148.49 price level. The Yen market is currently running a bullish race as […]","datePublished":"2024-02-09","dateModified":"2024-02-09","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\/02\/USDJPY-LNT-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/02\/USDJPY-LNT-1.png","height":579,"width":1080},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-suggests-a-buy-signal-at-148-49-level\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":514,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The USDJPY price suggests a buy signalThe market is positive and will most likely continue in the same trendUSDJPY Weekly Price Analysis \u2013 February 9At the moment the USDJPY pair remains on the positive side and suggests a buy signal at the $148.49 price level. The Yen market is currently running a bullish race as the pair is facing high pressure from the bulls. Conversely, if the Yen prices sustain above the level of $151.90, the bulls\u2019 trend would continue upward and possibly hit the $152.00 upper high level, resulting in an intraday gain and the best forex signal ever to the long-term traders.USDJPY MarketKey Levels:Resistance levels: $145.00, $146.00, $147.00Support levels: $140.00, $139.00, $138.00USDJPY Long-term Trend: Bullish (Daily Chart)The USDJPY pair turns positive today. The price suggests a buy signal while trading strongly in a bullish momentum in its higher time frame. This looks nice for the buy trader and signifies a buy signal. The sustained bullish pressure on the currency pair in the past few days has sustained the Yen price above the supply trend levels in its recent high.The price finds reliable resistance at around the level of $148.49, on the daily chart today resulting in intraday gains. This trend pattern proves the impact of bullishness on the currency pair.Thus, a sharp breakout and closure above the current correction phase at a $148.49 high value will invalidate any bearish thesis and establish the potential rally to a higher level.In addition to this, the daily stochastic indicates an upward trend, which means that the long traders may likely continue with the bullish correction pattern to further break up the previous supply value at $151.90 value which might further extend the USDJPY price to reach the $152.00 upper resistance mark soon as it suggests a buy signal in its long-term outlook.USDJPY Medium-term Trend: Bullish (4H Chart)In the 4-hour chart, the USDJPY pair also suggests a buy signal at the current price. The prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.The intervention from the bulls at the $147.99 supply value in the previous action has made the price of USDJPY stay above the supply trend line in recent times.USDJPY is losing bearish momentum as it rises to a $148.49 high level above the moving averages as the 4-hour chart begins today. This is due to a high bullish impact on the market price.A strong push by the long traders above the $148.89 previous high point with a 4-hour candle closing could signify a shift in the market dynamics suggesting a buy signal.The price of USDJPY indicates an uptrend while pointing upward in the stochastic oscillator, this suggests that the bullish pattern may continue and it might accelerate to the $152.00 upper resistance mark sooner as it suggests a buy signal in its medium-term outlook.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."}