USD/JPY – 1H – BUYIn addition a ‘Double top retreat up’ chart layout is existing. The formation shows ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to go up.
The combination US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline up.
The bullish trend upwards to the next resistance line at 154.651 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 152.796 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.656 |
| 2nd High | 156.29 |
| Next High | 154.651 |
| Current Price | 152.85200 |
| Next Low | 152.796 |
| 2nd Low | 152.677 |
| 3rd Low | 152.093 |
154.651 – 156.29 – 157.656 – 152.796 – 155.517 – 156.213 —
152.94200 – 152.89200 —
35.901461364534 – 33.56416902932 —
– —
154.651 – 1770822000
Trading Signals: FOREX – USD – USD/JPY – JPY – – Double top retreat up – – – – – – – –