{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-targeting-the-152-00-resistance-value\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-targeting-the-152-00-resistance-value\/","headline":"USDJPY: Price Targeting the $152.00 Resistance Value","name":"USDJPY: Price Targeting the $152.00 Resistance Value","description":"The currency pair is targeting the $152.00 resistance value as it continues its upward move.Buyers may remain dominant in the market soon.USDJPY Weekly Price Analysis \u2013 January 12The USDJPY market has been having high interference from buyers which made it easier for the Yen to maintain stable upside moves. Should the bulls increase their actions […]","datePublished":"2024-01-12","dateModified":"2024-01-12","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\/01\/USDJPY-LNT-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/01\/USDJPY-LNT-1.png","height":579,"width":1080},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-targeting-the-152-00-resistance-value\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":440,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair is targeting the $152.00 resistance value as it continues its upward move.Buyers may remain dominant in the market soon.USDJPY Weekly Price Analysis \u2013 January 12The USDJPY market has been having high interference from buyers which made it easier for the Yen to maintain stable upside moves. Should the bulls increase their actions in the market, the USDJPY price targeting the $152.00 resistance value could be achieved soon which would lead to a good buy signal for the long traders.USDJPY MarketKey Levels:Resistance levels: $143.00, $144.00, $145.00Support levels: $139.00, $138.00, $137.00USDJPY Long-term Trend: Bearish (Daily Chart)The USDJPY pair is on its way to the overhead trend line targeting the $152.00 resistance value in its long-term view. The price bar can be seen in green below the moving average which confirms its bearishness.The sustained bearish pressure on the currency pair in the past few days has slowed the Yen price a bit in its recent price level. Meanwhile, the Yen is ready for an upward performance targeting the $152.00 upper high value.The USDJPY price on the daily chart today is currently facing resistance and trading at the $145.33 correction level below the EMA-50. Hence, the pair might jump towards the $151.90 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.In addition, the daily stochastic indicates an upward trend; this means that the buy investors may likely continue with the bullish correction pattern targeting the $152.00 resistance value soon in its long-term outlook.USDJPY Medium-term Trend: Bullish (4H Chart)On the medium-term outlook, the USDJPY market now trades in a bullish trend targeting the $152.00 resistance value. The Yen price can be seen progressing forward above the supply levels due to the high impact of the bulls.The sustained bullish pressure at a $144.82 high level during yesterday\u2019s session made it possible for the buy investors to retain the upward strength in its recent high targeting the $152.00 resistance value.Today, the price of USDJPY remains in an uptrend at the $145.33 supply value which is above the EMA-50. A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.In addition, the USDJPY market is showing more upside possibilities as shown by the daily stochastic pointing upwards; we can certainly expect more gains and strength from the coin. The pair may likely grow to retest the $148.34 resistance level while targeting the $152.00 resistance value soon in its medium-term time frame.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."}