{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-will-the-bulls-show-up\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-will-the-bulls-show-up\/","headline":"USDJPY: Will The Bulls Show Up?","name":"USDJPY: Will The Bulls Show Up?","description":"The currency pair is in an upward momentum in the long-term outlook while the medium-term outlook is in consolidation. A break-up or break-down is imminent.USDJPY Weekly Price Analysis \u2013 December 10An increase in bulls\u2019 pressure may push the price of USDJPY to a $115.523 resistance level.USDJPY MarketKey Levels:Resistance levels:\u00a0 $113.900, $114.000, $114.100Support levels:\u00a0 \u00a0 \u00a0 […]","datePublished":"2021-12-10","dateModified":"2021-12-10","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\/12\/USDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/12\/USDJPY-LNT.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/usdjpy-will-the-bulls-show-up\/","about":["FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":376,"keywords":["Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"The currency pair is in an upward momentum in the long-term outlook while the medium-term outlook is in consolidation. A break-up or break-down is imminent.USDJPY Weekly Price Analysis \u2013 December 10An increase in bulls\u2019 pressure may push the price of USDJPY to a $115.523 resistance level.USDJPY MarketKey Levels:Resistance levels:\u00a0 $113.900, $114.000, $114.100Support levels:\u00a0 \u00a0 \u00a0 $109.180, $109.100, $109.000USDJPY Long-term Trend: BullishUSDJPY is bullish on the daily chart. The impulse move to $113.270 in the support area during yesterday\u2019s session sustains the bearish momentum within the range before the bulls took over.Today\u2019s daily chart opens with the formation of a bullish harmer candle at $113.454 in the resistance area. This shows there is a high buying pressure in the currency pair.Further pressure from the buyers moves the price of the Yen up at $113.480 in the resistance area.The price of USDJPY is initially up at $113.575 in the resistance area above the two EMAs which are glued together; these indicate upward movement in the momentum of the USDJPY price.The stochastic oscillator pointing up at level 31% in the oversold region implies the trend may likely remain in an upward move in the days ahead in the long term. Hence sellers\u2019 relief. USDJPY Medium-term Trend: RangingOn the 4-hourly chart, the market is in a sideways move. The moving averages are glued together in a straight line direction indicating a ranging movement. The Bulls\u2019 brief return at $113.394 in the resistance area opens today\u2019s 4-hourly session.USDJPY further rises to $113.458 in the resistance area as the bulls decide to take the price of the currency pair up as at the time of writing this article.The price of USDJPY is initially up at $113.476 in the resistance area which is below the two EMAs, which is an indication of downward momentum in the price of the Yen.The stochastic oscillator signal pointing in a parallel direction in the oversold region at 28% suggests indecision in the context of the market at the moment.However, the price of the coin may likely encounter a trend reversal 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."}