USDJPY Continue To Maintain Bullish Resilience
Login

USDJPY Continue To Maintain Bullish Resilience

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

USDJPY Analysis – April 14

USDJPY continues to maintain bullish resilience with an increase in momentum. The bullish order in the market is said to continue as price propulsion also heightens. The buyers are currently willing to purchase more for a profit at higher-order blocks. This, therefore, implies that on the 1-day chart, there will be more bullish resilience in the market due to an increase in bull tension as several order blocks are being broken.


USDJPY Market Zones

Resistance Zones: 124.810,121.290
Support Zones: 118.180, 109.150

USDJPY Continue To Maintain Bullish Resilience USDJPY Long Term Trend: Bullish

The bullish sensation in the market is activated after a tinge at the low of the 109.150 critical level. The price flowed right from the 109.150 level and entered an uptrend path. The bullish structure was affected by the sell traders’ influence on price tendency. USDJPY continues to swing high and low in the uptrend market. The sellers continue to impact the price until the buyers successfully push the price out of the channel.

USDJPY buyers caused a rally up to the 121.290 significant level after breaking through the key zone of 118.180 in the market. The buyers’ potential dropped after a push-up back to 121.290. As a result of this rebound in price, the bull market can maintain more resilience in the market. The moving average crossing indicator continues to widen as the buying trend continues in the market. This indicates that the bulls have continued to pace out.

USDJPY Continue To Maintain Bullish Resilience USDJPY Short Term Trend: Bearish

On the 4-hour chart of the market, the buy traders continue to impact market inclination. The price has broken through the 124.810 critical level, and a retest is visible in the market. Therefore, the market is preparing to make another significant run upward following the short break at the 124.810 key point of the market. The MACD (Moving Average Convergence and Divergence) indicator still shows a price signal flowing around the buy trend region as the price prepares to push beyond the 124.810 key level.

How To Buy Lucky Block 

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
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News