USDJPY  Buyers Resume the  Market Trend to the Upside

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USDJPY Analysis – September 15

USDJPY Buyers Resume the Market Trend to the Upside. The Daily Chart Moving Average (Ma) Has Been Moving Steeply for a Very Long Time as the Bulls Continually Drive Prices Upward. The Market Is Extremely Bullish as It Breaks Every Resistance on Its Path Upward. This Aggressive Bullishness Shows How Weak the Japanese Yen Is Against the US Dollar.

USDJPY Significant Zones

Demand Zones: 139.40, 130.30
Supply Zones: 147.70, 160.40

USDJPY Usdjpy Buyers Resume the USDJPY Trend to the Upside

USDJPY Long-Term Trend: Bullish

On the 31st of March, 2022, the Usdjpy Buyers Resumed the Market Trend as They Began to Respect the Diagonal Trendline Support to the Upside. This Impulse Wave Was Faced With Previous Resistance at 130.30. The Previous Wave Crashed the Market to the Downside, Sweeping off the Liquidity Below the Previous Low Before Bouncing off the Diagonal Trendline Support. The Moving Average Convergence Divergence (Macd) Indicator Revealed How the Market Rallied to the Upside in the First Two Weeks of June.

On the 17th of June, 2022, the Usdjpy Buyers Resumed the Market Trend to the Upside Again After Using the Immediate Fair Value Gap as Their Expansion Level. On the 14th of July, 2022, the Market Cleared Out the Liquidity Formed Above the Double Top in June Before Crashing Downward. The Market Kept Crashing Downward Until Prices Hit the Order Block Formed on the 2nd of June. The Order Block Alongside the August Open Level Was Used to Drive the Market to the Upside.

USDJPY Usdjpy Buyers Resume the USDJPY Trend to the Upside

USDJPY Short-Term Trend: Bullish

On the 11th of August, 2022, USDJPY Buyers Used the Four-Hour Fair Value Gap (Fvg) To Expand the Market to the Upside. Ever Since Then, the Market Has Been in an Uptrend. Recently, a Double Top Was Formed on the Four-Hour Time Frame. This Double Top Should Have Large Sell Orders (And Buy Stops) Placed Just Above It. These Buy Stops, or Liquidity Pool, Are Expected to Be Swept off Soon by the Bulls Before Resuming the Market Trend to the Upside.

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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.