USDJPY Is Gaining a Strong Bullish Appearance

14 October 2021 | Updated: 14 October 2021

USDJPY Analysis – Price Is Gaining a Strong Bullish Appearance Upward

USDJPY is gaining a strong bullish appearance upward due to an increase in price movement in the market. The bulls’ momentum continues to increase progressively as the buyers are seen adding more positions to the market. The buyers, however, have held this position for a long time as price action has been seen after accumulating and then breaking through several significant levels as the bullish appearance becomes stronger.


USDJPY Significant Levels

Resistance Key Levels: 112.050, 110.860
Support Key Levels: 109.700, 109.100

USDJPY is gainingUSDJPY Long Term Trend: Bullish

USDJPY price-ranging moments are seen after the price progressively rallied up. The market is seen creating significant higher lows and highs. The price then entered a significant range, and the price begins to consolidate between the significant levels of 109.700 and 110.860. At this stage, there was a price struggle between the major competitors in the market. However, due to several accumulations, the buyers finally gained total control of the market situation. The market continues to gain more strength due to the buyer’s momentum.

However, as the buyer’s impetus grows, the price breaks through the 110.860 significant price level. The USDJPY surged to a new significant level, forming a new upper high pattern at the 112.050 significant price level. At this level, however, there was a strong refusal. This rejection, however, indicates a sudden pullback held by the sellers. The market then retested the 110.860 significant price level before gaining more strength. The market continues to rally up to higher levels to create new highs. The RSI (Relative Strength Index) indicator shows that the price has reached an overbought region, and the price is trading lower. This implied that the market is about to make another pullback to a significant price level before continuation.

USDJPY is gainingUSDJPY Short Term Trend: Bearish

On the 4hour chart, the market continues to rally up after gaining bullish strength. The bullish market is seen gaining more significant price levels as the momentum increases. The price is now seen to be dropping as we anticipate a pullback and consolidation before the buyers increase their momentum. The candlesticks seem to have rebounded from the Bollinger Band indicator at the upper level. The RSI also indicates a price level in the overbought region, indicating a drop in the price movement. USDJPY will therefore keep gaining a more bullish appearance as the market is seen consolidating.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

USDJPY Is Set to Move up Above Significant Key Level

7 October 2021 | Updated: 7 October 2021

USDJPY Analysis – Price Is Set to Move up Above the 111.500 Significant Price Level

USDJPY is set to move up above key levels as it continues its bullish market. The price is seen reacting at this level, and it is set to break beyond it. The bulls acquired strength by gaining momentum after a reversal at the 109.100 significant price level. The market rallied up after a large bullish engulfing candlestick overshadowed a bearish candle. The market, however, then breaks through the 111.500 significant price level before a pullback occurs. USDJPY is now set to move beyond the 111.500 significant price level.


Significant USDJPY Levels:

Resistance Levels: 111.500, 110.600
Support Levels: 110.00, 109.100

USDJPY is set to moveUSDJPY Long Term Trend: Bullish

USDJPY has been in the consolidation phase between the significance levels of 110.600 and 109.100 significant price levels. The bulls and the bears were struggling for market strength. The accumulation started from mid-July to mid-October before a bullish breakout finally occurred. The bulls then gained strength to move upward, breaking through several significant price levels.

After a strong bullish engulfing candle, the market is now set to gain more bullish momentum, breaking beyond the 111.500 significant price level. On the daily chart, the MACD (Moving Average Convergence and Divergence) shows the signal line above the 0.00 level, and the green histogram continues to gain more momentum. This indicates that the market is still in a bullish state. The price is assumed to rally above the 111.500 significant key level.

USDJPY is set to move USDJPY Short Term Trend: Bullish

On the 4-hour chart, the price is seen to be making a pullback after strong bullish momentum. The market is now set to continue its bullish trend after the definite retest. The Bollinger Band indicator shows the candlesticks bouncing off the middle band as the market is set to rally upward. The MACD indicator still displays a price signal above the 0.00 level as the bulls start to gather momentum. USDJPY is, however, set to move up above the 111.500 significant level to continue its bullish movement.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

USD/JPY Correction Could Be Over!

5 October 2021 | Updated: 5 October 2021

USD/JPY is trading in the red at 111.08 at the moment of writing. It has slipped lower only because the DXY and JP225 dropped a little. The currency pair signaled that the corrective phase could be over, so we could search for new long opportunities.

Later, the US ISM Services PMI is expected to drop from 61.7 points to 59.9 points. In addition, the Trade Balance and the Final Services PMI will be released as well. Better than expected US data could boost the USD and could push USD/JPY higher.

USD/JPY Technical Analysis!

USD/JPY has found support on the 150% Fibonacci line of a major descending pitchfork, right below the 38.2% retracement level and now it tries to come back higher. Now, it has found temporary resistance at the weekly pivot point (111.22).

Stabilizing above the descending pitchfork’s median line and making a new higher high could signal strong growth ahead. Still, I believe that only a valid upside breakout from the pitchfork’s body could really activate an important growth, leg higher.

Conclusion!

Failing to stabilize under the 150% Fibonacci line and below the 38.2% retracement level signaled that USD/JPY ended its correction.

 

Note: Learn2.Trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

USD/JPY Looks To Trade Higher!

23 September 2021 | Updated: 23 September 2021

USD/JPY edged higher as the Japanese Yen was weakened by the JP225’s (Nikkie) growth. Technically, the pair has shown oversold signs, so an upwards movement was somehow expected.

Surprisingly or not, the pair resumes its growth even if the United States economic figures have come in worse than expected. The Yen started to depreciate aggressively after the dovish BOJ. The traders have ignored the Dollar Index drop and have pushed the pair higher only because the Yen was very weak.

DXY’s potential growth after the current sell-off could bring more buyers in USD/JPY. The US Flash Manufacturing PMI and the Flash Services PMI dropped signaling a slowdown in expansion. Still, the USD is still expected to rise after the hawkish FED.

USD/JPY Technical Analysis!

USD/JPY reached the ascending pitchfork’s upper median line (uml) at the moment of writing. It has climbed as much as 110.20 above 110.08 former resistance. Technically, an upside breakout, rally, was somehow expected as the pair has continued to stay near the descending pitchfork’s upper median line (UML).

Its failure to make new lower lows or to at least reach and retest the 109.06 level signaled a new leg higher. Also, the outside sliding line (SL) represented a dynamic resistance. The aggressive breakout signaled further growth.

Conclusion!

Jumping far above the UML and SL was seen as a bullish sign. Stabilizing above 110.08 and making a valid breakout through the upper median line (uml) could activate an upside continuation!

 

Note: Learn2.Trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

USDJPY Continues to Consolidate Between Key Levels

23 September 2021 | Updated: 23 September 2021

USDJPY Price Analysis – September 23

USDJPY continues to consolidate as the market starts to gain bullish momentum. The price is seen going upward after a bullish engulfing. This connotes that the market will gain momentum and may even break beyond the 110.080 level. The bulls and the bears continue to shake themselves off, and this keeps the market in strong consolidation. Therefore, the price is expected to rise beyond 110.080 and may even break through it.


USDJPY Significant Levels:

Resistance Levels: 110.500, 110.080
Support Levels: 109.600, 109.220

USDJPY continues to consolidate

USDJPY Long Term Trend: Ranging

USDJPY first assumed a bearish movement around April to early May. The price then changed its direction as the buyers gained control of the market. The bullish momentum was seen as the market continues to make higher highs and lower lows, breaking through various significant levels. The price is now seen ranging in between the significant levels of 110.500 and 109.220, as we see the bears and bulls tussle for power.

The market, on the other hand, continues to accumulate these thresholds before a break-out occurs. However, the Stochastic Oscillator indicator shows price fluctuations around the oversold area. In the ranging market, the leading indicator suggests that price movement will continue to rise. The Parabolic SAR (Stop and Reversal) displays dots above the price to illustrate the overall trend.

USDJPY continues to consolidate USDJPY Short Term Trend: Bullish

The bulls and bears are battling for market supremacy on the 4hr chart. The bulls seem to have taken over as the price continues to consolidate. USDJPY is seen rallying upward after a long engulfing candlestick. The price has already broken through the 100.600 significant key level before it continues rising. The Parabolic SAR shows price movement moving below the candlesticks. This, however, shows that the market will continue to gain bullish momentum. The price is, however, anticipated to break beyond the 110.080 key level.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

USDJPY Breaks Through the Consolidation Zone to the Downside

16 September 2021 | Updated: 16 September 2021

USDJPY Price Analysis – September 16

USDJPY breaks to the downside of its range. This consolidation phase, which has lasted for the past 23 trading days, comes after the market has arrested its price decline but has been unable to re-launch itself back into its uptrend movement. The consolidation phase, therefore, is an outcome of the continuous tussle for dominance between buyers and sellers.


USDJPY Crucial Levels

Resistance Levels: 110.430, 110.800, 111.650
Support Levels: 109.570, 108.900, 108.600

USDJPY breaksUSDJPY Long Term Trend: Bullish

USDJPY broke its bearish trend when it landed on the 108.900 key level on the 4th of August 2021. The bounce off the key level helps it break out of its descending triangle pattern and power its way upwards. However, an impressive rally was ended abruptly at the 110.800 resistance level. Afterward, price dropped, and though it bounced off the upper border of the descending triangle, it couldn’t hit the height where it had fallen again. Instead, the market started consolidating.

The market was therefore confined between the 110.430 and the 109.570 key levels. However, on the 15th of September, price breaks to the downside of the consolidation zone to kick-start a reaction in the market. The MACD (Moving Average Convergence Divergence) now shows a golden cross of its line to the downside of the zero level. While this shows a definite bearish movement in the market, the 108.900 support level lies in wait below to once again repel price upward.

USDJPY breaks USDJPY Short Term Trend: Bullish

On the 4-hour chart, the market retested the 109.570 key level before plunging downward. The market is currently trading around 109.391 and it is having difficulties dropping lower beyond this level. The MA period 20 (Moving Average) is leaning now downwards to support the market’s plunge. Meanwhile, the MACD is showing signs that the bearish trend might be over. Its lines, though still below the zero level, are coming together to cross each other upward. The bearish histogram bars are also reducing in size.

If the price pushes back up, it means that the break out was false and the market will return to range movement.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

USDJPY Falls Into a Ranging Market After Failing To Attain a Higher Height

9 September 2021 | Updated: 9 September 2021

USDJPY Price Analysis – September 9

USDJPY falls into a ranging pattern as it fails to make a significant high or low for that matter. This is a pointer to the fact that the market remains in equilibrium with neither buyers nor sellers making prominent moves in the market. This comes about after bulls have been unable to lift the price back to an uptrend despite preventing it from sinking below the 108.900 key level.


USDJPY Crucial Levels

Resistance Levels: 110.430, 110.800, 111.650
Support Levels: 109.570, 108.900, 108.600

USDJPY falls into a rangingUSDJPY Long Term Trend: Ranging

The market remained on an uptrend from the 23rd of April 2021, despite falling from the resistance at 110.800. Bulls drove the price higher in an uptrend, with the market making higher highs and lows in a row. This helped the market past the 110.800 resistance where it falls from at the beginning of April. However, USDJPY will only make it as far as 111.650 before bearish pressure begins to tell on the market again. From there, price slipped down and out of the uptrend.

The 108.900 helped to prevent further falls and cause a reversal in the market direction. The 110.800 resistance level will come to haunt the bulls again to prevent upward movement. From there, the price eventually fell to 109.570 and since then hasn’t been able to rise above 110.430, thereby ranging between the two levels. This might continue for a while, although there is an intent to break to the upside. The Elders Force Index, whose power line is at a positive value indicates more bulls working in the background.

USDJPY falls into a rangingUSDJPY Short Term Trend: Bearish

Within the consolidation zone on the 4-hour chart, the price can be seen undulating, but with a more bullish intent as a new higher high was created and maintained. The Relative Strength Index (RSI) also shows that the market is in the buying half of its chart at level 53 and the EFI remains above the zero level. Currently, the price has hit the 110.430 resistance and is on a descent towards 109.570 again. But, ultimately, the market is expected to break to the upside of the ranging zone.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

USDJPY Is Set to Continue Its Downtrend Following Price Rejection at Key Zones

2 September 2021 | Updated: 2 September 2021

USDJPY Price Analysis – September 2

USDJPY is set to continue a downtrend following several price rejections at significant zones. Price began in a bullish trend before breaking through the 110.520 resistance zone. Following that, there appears to be a retest at this level as the market resumes its downtrend phase. The USDJPY, on the other hand, developed a falling trend line pattern with lower lows.


USDJPY Significant Zones

Resistance Zones: 110.520, 110.080
Support Zones: 109.600, 109.220

USDJPY Is Set to Continue Its Downtrend USDJPY Long Term Trend: Bearish

The price continues to build lower highs and lows. A rejection occurred at the 109.220 support key zone. Before breaking out of the falling channel, the market appears to have been rejected at this price level. Price rejection appears to be present at 110.080 as well. This is because the bears are battling the bulls. The longer the fight goes on, the more it appears that there are rejections at significant zones.

The Parabolic SAR (Stop and Reverse) indicator, on one hand, shows dots above previous lower highs, indicating an overall decline phase. The Stochastic Oscillator, on the other hand, produces multiple crossovers above 50. This depicts the conflict between the bears and the bulls. The market will then tend to change direction. The Oscillator is above the 50 level and approaching the 100 level, indicating that the bullish ride is coming to an end.

USDJPY Is Set to Continue Its Downtrend USDJPY Short Term Trend: Bearish

On the 4-hour chart, it appears that there have been many rejections above the trend line. This is due to the price’s inability to retest the 110.520 key zone. Price appears to be retesting 110.080 as bulls continue to lose strength. The Stochastic Oscillator is on a negative streak, with crossings between the 50 levels.

As the bullish trend draws to a close, the Parabolic SAR reveals dots below the lows of the ascending candles. Following rejection at key zones, the USDJPY is poised to reverse direction and resume its downward phase.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

USDJPY Is Set to Continue Downtrend Movement Following a Retest Around 110.780

26 August 2021 | Updated: 26 August 2021

USDJPY Price Analysis – August 26

USDJPY is set to continue its downtrend movement following the change in market shift. The downtrend movement began when the bull began to lose power. The market then began to descend, making new lower lows. Price established a new lower low at the 109.140 support level, breaking previous lows. This demonstrates that the bears are gaining momentum as the downtrend continues and key levels are being retested.


USDJPY Significant Zone

Resistance Levels: 110.780, 110.080
Support Levels: 109.390, 109.140

USDJPY is set USDJPY Long Term Trends: Bearish

The USDJPY is poised to break through the trend line and make new lower highs. This implies that the price will also break through the major key level of 110.080 resistance and may even go beyond 110.780 resistance. The market has also been trading in consolidation between the key levels of 110.780 resistance and 109.140 support. Price retested these levels several times before finally breaking through the trend line.

The MACD (Moving Average Convergence and Divergence) indicator on the daily chart is about to turn bullish as it approaches the 0.00 level. This indicates that there is a new change in momentum as the price is set to rise above the resistance key levels. The USDJPY will then make new lower highs, either breaking out of the ranges or retesting key levels.

USDJPY is set USDJPY Short Term Trends: Bullish

The price trend on the 4-hour chart is about to break the trend line and is set to retest it before continuing. The RSI (Relative Strength Index) is below 70.00, indicating a bearish trend as the price prepares to retest it. Following that, momentum will build to make lower highs.
The MACD, on the other hand, indicates bullish momentum. This implies that the market structure is changing, as a new lower high is about to form. Price will then rise slightly to set a new high before the downtrend resumes.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

USDJPY Has Formed an Inverted Head and Shoulder Reversal Pattern

19 August 2021 | Updated: 19 August 2021

USDJPY Price Analysis – August 19

USDJPY has formed an inverted head and shoulder reversal pattern to shoot price up. The market has generally been in an uptrend and is sliding along an ascending channel. Bears have, however, stepped in to exploit points of weakness to drive the market down a falling wedge formation. The 108.900 key level, however, has been playing a critical role in keeping the sellers at bay.


USDJPY Key Level

Resistance Levels: 109.770, 110.800, 111.650
Support Levels: 108.900, 108.600, 107.840

USDJPY Has Formed USDJPY Long Term Trend: Bullish

On the 2nd of July 2021, bears exploited the inability of USDJPY to climb to the upper half of the ascending channel. Price was knocked down at the halfway line and sellers took the opportunity to drive it further down. The market tried to recover by bouncing off the lower border of the channel, but its recovery was cut short. Price has now plummeted down and out of the channel with momentum.

It took the 108.900 major support zone to bring an end to the fall of the market. The support level also helped to thrust the market direction back upwards and out of the falling wedge pattern. USDJPY, however, met a brutal resistance at 110.800, which repelled price with great intensity. The market has now dropped to test the upper border of the falling wedge, which in turn has propelled the price up. The movement of the market has formed an inverted head and shoulder reversal pattern, which is to drive price up.

USDJPY Has Formed USDJPY Short Term Trend: Bullish

The market has now formed into an inverted head and shoulders pattern which is pushing USDJPY back into the ascending channel. But against the run of things, the market has failed woefully at the lower border of the channel, which has sunk price to around the 109.530 price level. This has made the 4-hour candle spike to the underside of the EMA period 14 (Exponential Moving Average). Also, the RSI (Relative Strength Index) indicator has fallen steeply from 62 to 44.

This shows that there may be a sudden alteration in the market by the bears. If this continues, the price will fall again to confront the 108.900 support. It is, however, expected that the market will correct this anomaly to adjust to the inverted head and shoulder pattern, which should move the price up further, first to 111.650, then to 113.000.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.