The combination US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance line at 159.45200 is expected.
Caution: A possible trend reversal in the direction of the support level at 158.846 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The pair is likely to go up.
There is also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 159.743 |
| Next High | 159.45200 |
| Current Price | 159.43700 |
| Next Low | 158.846 |
| 2nd Low | 158.566 |
| 3rd Low | 157.86 |
159.45200 – 159.354 – 159.743 – 158.846 – 159.25 – 159.003 —
159.45200 – 159.34000 —
63.080336658301 – 49.196173290831 —
159.45200 – 1773720000 —
– 1773720000
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –