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


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 LevelUSDJPY 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 LevelUSDJPY 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: 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.