The pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 157.975 is expected.
Caution: A possible trend reversal in the direction of support at 157.271 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.
Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.223 |
| 2nd High | 158.899 |
| Next High | 157.975 |
| Current Price | 157.81100 |
| Next Low | 157.271 |
| 2nd Low | 156.898 |
| 3rd Low | 156.449 |
157.975 – 158.899 – 158.087 – 157.271 – 157.53 – 157.386 —
157.86600 – 157.57800 —
53.397369017372 – 38.743667655285 —
– —
157.975 – 1773156600
Trading Signals: FOREX – USD – USD/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –