{"id":284904,"date":"2024-04-17T21:54:51","date_gmt":"2024-04-17T16:24:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=284904"},"modified":"2024-04-17T21:54:51","modified_gmt":"2024-04-17T16:24:51","slug":"usd-jpy-price-analysis-dominant-uptrend-continues-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-jpy-price-analysis-dominant-uptrend-continues-crypto-news\/","title":{"rendered":"USD\/JPY Price Analysis: Dominant uptrend continues &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>USD\/JPY extends its uptrend into the 154.00s.\u00a0<\/strong><\/li>\n<li><strong>It may be forming a Measured Move pattern with an end target of 156.11.\u00a0<\/strong><\/li>\n<li><strong>RSI is overbought, however, warning a correction may be on the horizon.\u00a0<\/strong><\/li>\n<\/ul>\n<p>USD\/JPY is trading in the upper 154.00s. It has formed what looks like a Measured Move price pattern composed of three waves, commonly labeled A, B and C.\u00a0<\/p>\n<p>In the case of Measured Moves, the end of wave C can be reliably predicted because it is often at the point where wave C is equal in length to wave A, or a Fibonacci ratio of wave A. At the very least wave C normally extends to a 0.618 ratio of A.\u00a0<\/p>\n<h3 class=\"fxs_headline_medium\">USD\/JPY Daily Chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_USD_JPY_2024-04-17_15-24-39-638489583884073374.png\"><\/a><\/p>\n<p>The end of C if it ends equal to A it will reach roughly 156.11 and there is a chance the rally could extend that high.\u00a0<\/p>\n<p>However, it is also the case that price has already reached the conservative target for the end of wave C at the Fib. 0.618 extension of A, at 154.20, which means there is a possibility it may have unfolded to its limit.\u00a0<\/p>\n<p>In addition, the Relative Strength Index (RSI) is well into overbought territory, recommending bullish traders with a medium-term outlook should not increase their long bets. If RSI exits overbought it may be a sign USD\/JPY is pulling back.\u00a0<\/p>\n<p>For USD\/JPY bulls the important thing is that price itself continues to rise and as long as it does the uptrend is likely to continue.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY extends its uptrend into the 154.00s.\u00a0 It may be forming a Measured Move pattern with an end target of 156.11.\u00a0 RSI is overbought, however, warning a correction may be on the horizon.\u00a0 USD\/JPY is trading in the upper 154.00s. It has formed what looks like a Measured Move price pattern composed of three waves, [&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":[201,248,251,246,257,255,250,252,247,253,249,308,275,256,254],"class_list":["post-284904","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-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\/284904","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=284904"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/284904\/revisions"}],"predecessor-version":[{"id":284905,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/284904\/revisions\/284905"}],"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=284904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=284904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=284904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}