The pair US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline up.
An ascending movement upwards to the next resistance level at 157.965 will continue.
Caution: A possible counter-trend in the direction of the support zone at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 157.444766 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 157.965 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 157.965 |
| Current Price | 156.95000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
157.965 – 157.75 – 156.231 – 156.85 – 157.147 – 155.534 —
157.03300 – 157.00500 —
36.479703676763 – 29.999325290948 —
– —
157.965 – 1772542800
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –