The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 153.699 is expected.
Caution: A possible trend reversal in the direction of support at 153.063 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.
Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.651 |
| 2nd High | 153.919 |
| Next High | 153.699 |
| Current Price | 153.66900 |
| Next Low | 153.063 |
| 2nd Low | 152.698 |
| 3rd Low | 152.564 |
153.699 – 153.919 – 153.753 – 153.063 – 152.698 – 153.251 —
153.59400 – 153.51800 —
58.223846866152 – 50.555806619052 —
– —
153.699 – 1771387200
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –