{"id":253797,"date":"2024-02-25T06:25:30","date_gmt":"2024-02-25T00:55:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=253797"},"modified":"2024-02-25T06:25:30","modified_gmt":"2024-02-25T00:55:30","slug":"pullback-from-weekly-high-as-buyers-eye-further-gains-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pullback-from-weekly-high-as-buyers-eye-further-gains-crypto-news\/","title":{"rendered":"Pullback from weekly high as buyers\u2019 eye further gains &#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 dips but retains gains for the week with a slight 0.17% increase, hinting at a bullish undertone.<\/strong><\/li>\n<li><strong>Technical outlook suggests neutrality with an upward bias, positioned above the Ichimoku Cloud.<\/strong><\/li>\n<li><strong>Resistance and support levels outlined for potential bullish continuation or pullback scenarios.<\/strong><\/li>\n<\/ul>\n<p>The USD\/JPY retreats, after hitting weekly highs of 150.77, aim back below the 150.50 figure late in the North American session. The major exchanges hands at 150.44, down 0.05%, but set to finish the week with gains of 0.17%.<\/p>\n<p>From a technical perspective, the pair is neutral to upward biased, remaining well positioned above the Ichimoku Cloud (Kumo). Price action suggests that buyers need to push the USD\/JPY above the February 13 high at 150.88 to remain hopeful for a bullish continuation. The next resistance would be 151.00, followed by last year\u2019s high at 151.91. Relative Strength Index (RSI) studies remain bullish, indicating that buyers might have the upper hand.<\/p>\n<p>Conversely, if sellers drag the USD\/JPY below 150.00, that will pave the way for a pullback. The next demand area will be the Tenkan-Sen at 150.05, followed by the Senkou Span A at 149.22. A further downside is seen at the Kijun Sen at 148.39.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/JPY Price Action \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638443169684795515.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/JPY dips but retains gains for the week with a slight 0.17% increase, hinting at a bullish undertone. Technical outlook suggests neutrality with an upward bias, positioned above the Ichimoku Cloud. Resistance and support levels outlined for potential bullish continuation or pullback scenarios. The USD\/JPY retreats, after hitting weekly highs of 150.77, aim back [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,277,252,247,253,249,308,275,256,254],"class_list":["post-253797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","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\/253797","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=253797"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/253797\/revisions"}],"predecessor-version":[{"id":253798,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/253797\/revisions\/253798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7617"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=253797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=253797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=253797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}