USDJPY Sellers Are Determined To Recover The Price To 126.900
Login

USDJPY Sellers Are Determined To Recover The Price To The 126.900 Level

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

Azeez Mustapha

Updated:

USDJPY Analysis – May 19

USDJPY sellers are determined to recover the price to the 126.900 key zone as a consequence of bullish displacement on the pair. The selling opportunity seeks to correct the USDJPY value despite its being in a bullish saga. Above the 126.900 resistance level, the buyers have been affirming the price tendency to mobilize forward. But when the value eventually rose above the 128.720 significant zone, the sellers rebounded to the upper band of the Bollinger indicator. The upper band, therefore, shows the limit to which it can still hold price influence.


USDJPY Price Levels

Resistance Levels: 128.720, 126.190
Support Levels: 121.190, 108.860

USDJPY Sellers Are Determined To Recover The Price To The 126.900 Level USDJPY Long Term Trend: Bullish

However, the bullish prominence began after a small compression in the USDJPY market. The buyers simply mobilized price inclination into the trending channel. Furthermore, another squeeze was experienced inside the trend channel as a result of price accumulation. The Bollinger Band Indicator therefore clearly introduced a contraction, which gave rise to bullish momentum on the currency pair. The buyers continue to supply strength as more positions are being occupied.

The sellers seemed to recover following a breakthrough in the price above the 121.190 level. As the bullish wing increases, the band indicator will continue to widen. The price is now selling short on the daily chart. The selling prospect is determined to lower the value back to the 126.900 market level. The Stochastic Oscillator shows selling thickness back to 126.900 as close to the oversold area.

USDJPY Sellers Are Determined To Recover The Price To The 126.900 Level USDJPY Short Term Trend: Bearish

The price move in the USDJPY trend is to fill up the building positions created by the buyers. USDJPY is currently trending below 128.720 and is set to go lower to correct price influence. The Stochastic Oscillator on the 4hr chart time frame is already in the selling region as a result of bearish pressure. The value is therefore anticipated to drop down to the 126.900 key zone.

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