Buy USD/JPY – 1H – BUY

The pair US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline up.

An ascending movement upwards to the next resistance level at 157.965 will continue.

Caution: A possible counter-trend in the direction of the support zone at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 157.444766 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 157.965 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High 159.452
2nd High 159.223
Next High 157.965
Current Price 156.95000
Next Low
2nd Low
3rd Low

157.965 – 157.75 – 156.231 – 156.85 – 157.147 – 155.534 —
157.03300 – 157.00500 —
36.479703676763 – 29.999325290948 —
– —
157.965 – 1772542800

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