USD/JPY – 1H – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 159.151 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 158.643 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.028 |
| 2nd High | 159.856 |
| Next High | 159.151 |
| Current Price | 158.98300 |
| Next Low | 158.643 |
| 2nd Low | 158.599 |
| 3rd Low | 157.884 |
159.151 – 159.856 – 159.85 – 158.643 – 158.599 – 158.901 —
158.88000 – 158.95200 —
42.438445443495 – 46.691536081307 —
– —
159.151 – 1776265200
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –