The currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 156.079 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 155.302 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 156.079 |
| Current Price | 156.02400 |
| Next Low | 155.302 |
| 2nd Low | 152.677 |
| 3rd Low | 152.093 |
156.079 – 155.784 – 155.509 – 155.302 – 152.677 – 152.093 —
155.92900 – 155.80200 —
58.546988693287 – 57.567368542757 —
– —
156.079 – 1770134400
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –