{"id":124258,"date":"2023-07-18T22:05:53","date_gmt":"2023-07-18T22:05:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/teeters-around-138-00-cushioned-by-solid-support-as-bulls-target-139-00-crypto-news\/"},"modified":"2023-07-18T22:05:55","modified_gmt":"2023-07-18T22:05:55","slug":"teeters-around-138-00-cushioned-by-solid-support-as-bulls-target-139-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/teeters-around-138-00-cushioned-by-solid-support-as-bulls-target-139-00-crypto-news\/","title":{"rendered":"Teeters around 138.00, cushioned by solid support as bulls target 139.00\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>USD\/JPY stabilized, aided by Ichimoku Cloud and 100-day EMA.<\/strong><\/li>\n<li><strong>Buyers target 50-day EMA at 139.99;  sellers eye a break below 138.00.<\/strong><\/li>\n<li><strong>Significant support and resistance lie at the 200-day EMA levels.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdjpy\">USD\/JPY<\/a> sees saws around the top\/bottom of the 138.00 figure as the Ichimoku Cloud (Kumo) cushions the USD\/JPY&#8217;s pair fall.  That, alongside the 100-day Exponential Moving Average (EMA) at 138.31, maintains the USD\/JPY afloat, which trades at around 138.83 after hitting a daily low of 137.67.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/JPY Price Analysis: Technical outlook<\/h2>\n<p>The USD\/JPY daily chart portrays the pair making a base after reaching a month-and-a-half low of 137.23 on July 14. Since then, the USD\/JPY has not fallen below 137.50, but price action shows neither buyers nor sellers. are in control.  Nevertheless, if USD\/JPY buyers would like to push prices higher, they will need to reclaim the 50-day Exponential Moving Average (EMA) at 139.99 before challenging the confluence of the 20 and 200-day EMAs at the 140.89\/95 range.<\/p>\n<p>For a bearish continuation, USD\/JPY sellers would need to crack 138.00, followed by the current month&#8217;s low of 137.24, before slumping to the 137.00 psychological figure.  Once cleared, the USD\/JPY next support emerges at the 200-day EMA 136.47.<\/p>\n<h3 class=\"fxs_headline_medium\">USD\/JPY Price Action \u2013 Daily chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638253035935990293.png\"><\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/JPY stabilized, aided by Ichimoku Cloud and 100-day EMA. Buyers target 50-day EMA at 139.99; sellers eye a break below 138.00. Significant support and resistance lie at the 200-day EMA levels. USD\/JPY sees saws around the top\/bottom of the 138.00 figure as the Ichimoku Cloud (Kumo) cushions the USD\/JPY&#8217;s pair fall. That, alongside the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,277,252,247,253,249,308,275,256,254],"class_list":["post-124258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=124258"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124258\/revisions"}],"predecessor-version":[{"id":124259,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124258\/revisions\/124259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9513"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=124258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=124258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=124258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}