USDJPY Uptrend Is Paused by the Resistance Level

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Market Analysis: September 29

USDJPY’s uptrend is paused by the resistance level at 145.100. The bullish market has experienced a series of corrections and expansions all through the year. The market is sparing within an expanding channel on the daily time frame.

USDJPY Major Zones

Resistance Zones: 145.100, 139.490
Support Zones: 130.860, 125.730USDJPY uptrend is paused by the resistance level

USDJPY Long-Term Trend: Bullish

USDJPY uptrend is evident with the majority of the daily candles closing above the Moving Averages (period nine and twenty-one) all through the year. The market experienced a correction during May. The closing price of the month was lower than the opening price, hence the month was bearish. The daily candles fell below the Moving Averages (period nine and twenty-one). The retracement formed a bullish flag.

The second phase of correction occurred during August. The market dipped into a discount on the bullish swing from May. The correction led the market to the oversold region like May. This eventually prompted a bullish breakout from a symmetrical triangle.USDJPY uptrend is paused by resistance level

USDJPY Short-Term Trend: Bullish

USDJPY’s uptrend is currently facing resistance at the 145.100 resistance level. The bulls have struggled to push through the zone since early September. USD is currently showing no signs to give up. The resistance zone is therefore likely to giveaway soon for a bullish breakout.

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

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
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
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.