Categories
4. Blogs

USDJPY Price Pulls Back, Bearish Movement May Continue

USDJPY Price Analysis – July 14

In case bulls increase their pressure, USDJPY may increase towards the resistance level of $111 and if the daily candle close above it, it will increase the price to $113 resistance level. Should the bulls’ pressure fails at resistance level of $110, price may reverse and the bearish movement may continue towards the support level at $109, $108 and $107.

USDJPY Market

Key levels:

Resistance levels: 110, $111, $113

Support levels: $109, $108, $107

USDJPY Long-term Trend: Bullish

USDJPY is bullish on the long-term outlook. Two weeks ago, the currency pair was under the control of bears. USDJPY tested the resistance level of $111 on July 01 and reversed after the formation of bearish engulfing candle. On July 08, the support level at $109 was tested and the bulls reacted against the price decrease. The bulls have been dominating the USDJPY market since four days ago. Today, the price is pulling back as the bears are in control of the USDJPY market.

USDJPY daily chart, July 14

The price is trading above the 9 periods EMA and 21 periods EMA as a sign of bullish movement. In case bulls increase their pressure, USDJPY may increase towards the resistance level of $111 and if the daily candle close above it, it will increase the price to $113 resistance level. Should the bulls’ pressure fails at resistance level of $110, price may reverse and the bearish movement may continue towards the support level at $109, $108 and $107.

 USDJPY Medium-term Trend: Bullish

USDJPY is on the bullish movement on the 4-hour chart. The currency pair was on the bearish movement last week. The bearish momentum pushed the price to the support level at $109. A bullish engulfing candle formed and this triggered the bulls’ pressure. The price increase towards the resistance level of $110 after crossing the two dynamic resistance upside.

USDJPY 4 hour chart, July 14

The price is trading above the 9 periods EMA and the 21 periods EMA, the Relative Strength Index period 14 is at 50 levels with the signal line displaying a bearish direction which may be a pullback.

9 replies on “USDJPY Price Pulls Back, Bearish Movement May Continue”

Hello! This is kind of off topic but I need some advice from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about setting up my own but I’m not sure where to start. Do you have any ideas or suggestions? With thanks

I have observed that good real estate agents everywhere are getting set to FSBO Advertising and marketing. They are recognizing that it’s more than simply placing a sign post in the front property. It’s really concerning building relationships with these dealers who later will become purchasers. So, once you give your time and energy to encouraging these vendors go it alone – the “Law regarding Reciprocity” kicks in. Good blog post.

Howdy! This is kind of off topic but I need some guidance from an established blog. Is it difficult to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about creating my own but I’m not sure where to start. Do you have any ideas or suggestions? With thanks

Thanks for your blog post. I would like to say that your health insurance specialist also works for the benefit of the coordinators of your group insurance plan. The health agent is given an index of benefits desired by someone or a group coordinator. What any broker can is seek out individuals or perhaps coordinators which usually best match up those wants. Then he offers his referrals and if both parties agree, the actual broker formulates a contract between the two parties.

Leave a Reply

Your email address will not be published. Required fields are marked *