{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-remains-at-the-risk-of-more-downsides\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-remains-at-the-risk-of-more-downsides\/","headline":"USDJPY \u2013 Remains At The Risk Of More Downsides","name":"USDJPY \u2013 Remains At The Risk Of More Downsides","description":"USDJPY is facing more pressure from the bears. The currency pair has a limited upside both in the long-term and medium-term outlooks. USDJPY Weekly Price Analysis \u2013 May 21The pair is really trying hard not to fall below the trend line at level $108.342 USDJPY MarketKey Levels:Resistance levels: $110.950, $110.960, $110.970Support levels: $102.512, $102.500, $102.488USDJPY […]","datePublished":"2021-05-21","dateModified":"2021-05-21","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\/05\/usdjpy-LNT-4.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/usdjpy-LNT-4.png","height":568,"width":1073},"url":"https:\/\/forexschoolonline.com\/usdjpy-remains-at-the-risk-of-more-downsides\/","about":["FX Technical Analysis","Trade Idea","Trade Setups","USD\/JPY"],"wordCount":397,"articleBody":"USDJPY is facing more pressure from the bears. The currency pair has a limited upside both in the long-term and medium-term outlooks. USDJPY Weekly Price Analysis \u2013 May 21The pair is really trying hard not to fall below the trend line at level $108.342 USDJPY MarketKey Levels:Resistance levels: $110.950, $110.960, $110.970Support levels: $102.512, $102.500, $102.488USDJPY Long-term Trend: BullishThe momentum on the long-term outlook looks bullish as can be seen from the daily chart now.The sustained bearish pressure pushed the currency pair down to $108.748 in the support area during yesterday\u2019s session.The bulls\u2019 brief return pushes the price up at $108.763 in the resistance area as the daily chart opens today.USDJPY Price which is up at $108.897 in the resistance area revolving around the two EMAs suggests the bulls are gradually returning to the market.The stochastic signal pointing down at around level 41% in the oversold region indicates there may be a change in momentum in the price of USDJPY in the future in the long-term and in this case, a downward trend.USDJPY Medium-term Trend: BearishThe pair looks bearish in its medium-term outlook. The bears made a progressive movement to the south at $108.875 in the support area with a touch at the two EMAs during yesterday\u2019s session. The impulse move by the bears later dropped\u00a0 \u00a0USDJPY to $108.751. However, buyers return briefly and move the price a bit up to $108.897 in the resistance area before the close of yesterday\u2019s session. Today\u2019s 4-hourly chart opens with a bearish pin bar inverted candle at $108.830 in the support area. An indication of a trend reversal.The bears\u2019 gradual in road to the market drops the price of USDJPY down to $108.737 in the support area.Price is initially down at $108.737 in the support area with the formation of a pin bar candle, an indication of a trend reversal. The currency pair now trades below the two EMAs, this implies the bears are already dictating the market.However, the stochastic oscillator signal points up at level 27 % in the oversold region suggests the price of the USDJPY may likely change and in this case, an uptrend in the medium-term perspective.Therefore, buyers may wait for this action to occur and take their 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."}