USD/JPY – 30M – BUYIn addition a ‘Double top retreat up’ chart formation is existing. The chart picture shows ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to go up.
The combination US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline up.
An ascent up to the next resistance line at 143.90000 will continue.
Caution: A possible trend reversal in the direction of the support zone at 142.77300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 145.46400 |
| 2nd High | 144.13900 |
| Next High | 143.90000 |
| Current Price | 143.47100 |
| Next Low | 142.77300 |
| 2nd Low | 142.52800 |
| 3rd Low | 142.37500 |
143.90000 – 144.13900 – 145.46400 – 143.18200 – 144.32200 – 144.65000