The combination US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 156.982 will continue.
Caution: A possible change in the direction of the support line at 156.346 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 156.982 |
| Current Price | 157.00800 |
| Next Low | 156.346 |
| 2nd Low | 155.523 |
| 3rd Low | 155.302 |
156.982 – 156.851 – 156.079 – 156.346 – 155.523 – 155.302 —
156.96500 – 156.98500 —
54.37146375873 – 61.106315828689 —
– —
156.982 – 1770258600
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –