USD/JPY Drops to Level 107.796 as Buyers Emerge


Key Resistance Levels: 111.000, 112.000, 113.000
Key Support Levels: 104.000, 103.000, 102.000

USD/JPY Price Long-term Trend: Bearish
The USD/JPY was in an uptrend as it reached the high of level 109.85. The market fell after reaching the upper price range. The Yen fell to level 108.142. The market would have reached bearish exhaustion.

USD/JPY – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways move. The Yen has currently fallen to level 52 of the daily Relative Strength Index. It is likely to rise and above the centerline 50.

USD/JPY Medium-term Trend: Bullish
The USD/JPY pair is in an upward move. A trend line is drawn showing the support levels of price. The price has fallen into the oversold region. The selling pressure may have been exhausted.

USD/JPY – 4 Hour Chart

4-hour Chart Indicators Reading
The Yen is below 20% range of the daily stochastic. This implies that the market is in a strong bearish momentum. The market is also in the oversold region. When the pair is oversold buyers are likely to emerge. Buyers have started emerging at the oversold region

General Outlook for USD/JPY
The Japanese Yen is in the oversold region after a downward move. The price is rising as it reaches the high of level 108.170.

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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • 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
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

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.