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


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: 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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 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.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • 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
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 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.