{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-trades-in-the-support-zone\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-trades-in-the-support-zone\/","headline":"USDJPY Price Trades In The Support Zone","name":"USDJPY Price Trades In The Support Zone","description":"The bears may have a temporal control but the overall outlook is bullish.Both the Medium outlook and the Long-term outlook are in a downward trend USDJPY Weekly Price Analysis – April 22If the pressure from the bears increases, price at $108.100 may further drop to $100.USDJPY MarketKey Levels:Resistance levels: $110., $112, $114Support levels: $108, $106, […]","datePublished":"2021-04-22","dateModified":"2021-04-22","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\/04\/usdjpy-lng-t.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/usdjpy-lng-t.png","height":568,"width":1073},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-trades-in-the-support-zone\/","about":["FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":322,"keywords":["Technical Analysis","USDJPY","Yen"],"articleBody":"The bears may have a temporal control but the overall outlook is bullish.Both the Medium outlook and the Long-term outlook are in a downward trend USDJPY Weekly Price Analysis – April 22If the pressure from the bears increases, price at $108.100 may further drop to $100.USDJPY MarketKey Levels:Resistance levels: $110., $112, $114Support levels: $108, $106, $104USDJPY Long-term trend: BearishPrice of USDJPY is in a downward trend in the long-term perspective. Sellers made a progressive movement to the south with a touch at the 9-EMA. $108 in the support area, as the market opens today.Today\u2019s daily candle at $108 in the support area is on a bearish note. USDJPY further drops to $107 in the support area below the EMA-9 as the bears took control of the market and the journey down south continues.Price which is initially down at $107 below the two EMA\u2019s, is an indication of a downward movement in the price of USDJPY.The stochastic oscillator signal pointing down at around level 5% indicates the momentum in price of USDJPY is in a downward trend and may continue in that trend in the Long-term. Hence, buyers\u2019 relief.USDJPY Medium-term Trend: BearishUSDJPY continues in a bearish trend in its medium-term outlook. The sustained bearish pressure pushes the price further down at $107 during yesterday\u2019s session.Today\u2019s 4-hour chart at $108 in the support area confirms the bears’ dominance in the market.Price now trades below the two EMAs at $107 down the support area. An indication that sellers are now dictating the market.The stochastic oscillator signal is pointing up at around level 24% is an indication of a downward momentum in price of USDJPY in the medium-term.This implies the bears may continue to dictate market direction. Hence, sellers may take a position as desired.Note: Forexschoolonline.com is not a financial advisor. Do your research beforeinvesting your funds in any financial asset or presented product or event. Weare not responsible for your investing results."}