{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-to-experience-more-downsides\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-to-experience-more-downsides\/","headline":"USDJPY: Price to Experience More Downsides","name":"USDJPY: Price to Experience More Downsides","description":"The currency pair may experience more downsidesSellers remain dominant in the market at the moment. USDJPY Weekly Price Analysis \u2013 August 16 The USDJPY pair is dropping and may experience more downsides as the bears remain dominant. The Yen price could continue sliding if the bears add more aggression to their selling pressure to boost […]","datePublished":"2024-08-16","dateModified":"2024-08-16","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\/08\/USDJPY-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/08\/USDJPY-LNT-2.png","height":579,"width":1281},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-to-experience-more-downsides\/","about":["Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":479,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair may experience more downsidesSellers remain dominant in the market at the moment.USDJPY Weekly Price Analysis \u2013 August 16The USDJPY pair is dropping and may experience more downsides as the bears remain dominant. The Yen price could continue sliding if the bears add more aggression to their selling pressure to boost the current correction. If this is done by the bears, the $140.24 previous low could be tested and further extended to the $138.69 lower support level in the coming days, resulting in a sell signal for interested traders.USDJPY MarketKey Levels:Resistance levels: $155.00, $156.00, $157.00Support levels: $147.00, $146.00, $145.00USDJPY Long-term Trend: Bearish (Daily)The USDJPY price is likely to experience more downsides as the journey down south just begins in its long-term outlook. The currency pair trades below the moving average line confirming its bearishness.The sustained bearish pressure on the currency pair at the $147.19 support value in the past few days has made the price experience more downsides and remain below the supply trend levels in its recent low.Today, the USDJPY price experienced more downsides as the bears made a drop to a $147.05 low mark below the moving averages, indicating a bearish trend and more strength from the sell traders. Therefore, if the bears increase their tension in the market, the USDJPY price may experience more downsides and drop further to hit the $140.24 previous support value, resulting in an opportunity to sell for the short traders. In addition, the daily stochastic indicates that the Yen price may continue to experience more downsides. As a result, the next price target by the short traders could be the $138.69 lower support level in the days ahead in its long-term outlook.USDJPY Medium-term Trend: Bearish (4H)The currency pair\u2019s orientation trades in a bearish market and could experience more downsides in its medium-term outlook. The price bar is seen below the moving averages, suggesting its bearishness.The intervention from the bears at the $147.32 low value in the previous action has made the USDJPY price experience more downsides and stay below the supply trend line.The market value of USDJPY dropped further to the $147.17 value below the EMA-50 shortly after the commencement of the 4-hourly chart today, indicating that the currency pair is in a bearish momentum which may continue.However, the Yen price may experience more downsides if the sell traders increase their selling power to retest the $141.68 previous barrier level, indicating the bears\u2019 dominance in the market. In addition, the USDJPY market is pointing down on the daily stochastic, implying that the pair could experience more downsides, and this might reach the $138.69 lower support level, resulting in an entry point for the sell traders 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."}