USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 156.985 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 156.43 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.721 |
| 2nd High | 157.934 |
| Next High | 156.985 |
| Current Price | 156.68800 |
| Next Low | 156.43 |
| 2nd Low | 156.163 |
| 3rd Low | 156.016 |
156.985 – 156.522 – 156.508 – 156.43 – 156.163 – 156.016 —
156.66000 – 156.68800 —
45.59501421784 – 49.976522986485 —
– —
156.985 – 1778211000
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –