The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 156.29 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 152.796 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.
And also a ‘StochOSC Bullish Divergence’ indicator signal is found. The indicator shows ‘StochOSC Bullish Divergence’. which is often a bullish chart signal. The pair is likely to go up.
And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.223 |
| 2nd High | 157.656 |
| Next High | 156.29 |
| Current Price | 153.21200 |
| Next Low | 152.796 |
| 2nd Low | 152.677 |
| 3rd Low | 152.093 |
156.29 – 157.656 – 157.334 – 152.796 – 155.517 – 156.213 —
153.52000 – 152.95900 —
35.811199174137 – 29.90151192071 —
– —
156.29 – 1770688800
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –