{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-to-swing-above-the-150-286-supply-level-soon\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-to-swing-above-the-150-286-supply-level-soon\/","headline":"USDJPY: Price to Swing Above the $150.286 Supply Level Soon","name":"USDJPY: Price to Swing Above the $150.286 Supply Level Soon","description":"The USDJPY is in a bullish market zone in both the long and short-term view. Price rejection is imminent at the current support value as the bulls remain dominant in the market.USDJPY Weekly Price Analysis \u2013 April 14The USDJPY pair is in an uptrend at the moment. The Yen may likely finish the dip-lows and […]","datePublished":"2023-04-14","dateModified":"2023-04-14","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\/2023\/04\/USDJPY-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/04\/USDJPY-LNT-2.png","height":595,"width":1280},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-to-swing-above-the-150-286-supply-level-soon\/","about":["Forex Trading Tools","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":455,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The USDJPY is in a bullish market zone in both the long and short-term view. Price rejection is imminent at the current support value as the bulls remain dominant in the market.USDJPY Weekly Price Analysis \u2013 April 14The USDJPY pair is in an uptrend at the moment. The Yen may likely finish the dip-lows and resume the upside move soon if the current support at the $132.730 support value holds. Further increase in the bulls\u2019 pressure may break up the $150.286 supply level and this may swing the price up to a $160.000 high level.USDJPY MarketKey Levels:Resistance levels: $150.000, $151.000, $152.000Support levels: $135.000, $134.000, $133.000USDJPY Long-term Trend: BullishDespite the moves from the sell traders, the USDJPY market remains bullish on the higher time frames. This is clear as we can see the prices trading above the two EMAs. The pair made it to the $133.807 resistance level during yesterday\u2019s session and sustained it.Today, the bears overrode this trend and dropped the price of USDJPY down to the $132.730 support level above the two moving averages as the daily chart resumes. This suggests an uptrend in the context of the strength of the market. Hence staying above the trend lines makes it capable for the bulls to increase the currency price further.Therefore, buyers need to add more strength to their activities in the market to rally up to a significant level in the overhead supply zone. If this is achieved, the price of USDJPY could turn positive and retest its previous high of $150.286 which might further extend to the $160.000 upper resistance value in the coming days in its long-term outlook.USDJPY Medium-term Trend: BullishThe USDJPY market is in a bullish race in the medium-term outlook. Further, the price bar can be seen in green above the EMA-50 with its wick touching the EMA-9, which confirms its uptrend.The buy traders also made an upward move to the $133.772 resistance level before the end of yesterday\u2019s session. This gave buyers more strength to continue with the trend at its recent high.After the interaction from the sell traders, buyers successfully pull back at the $133.341 high level above the EMA-50; this is an indication of the beginning of a new bullish cycle race.Also, the momentum indicator pointing up at around level 54% range of the daily stochastic, implies that the price action of USDJPY will continue in an upward trend if the current support level of $132.730 holds as it is expected of buyers to hit a rally above the $160.000 high level in the days ahead in the medium-term perspective.Note:\u00a0Forexschoolonline.com\u00a0is 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. "}