USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline upwards
A bullish trend up to the next resistance at 153.699 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 153.063 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.
Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.651 |
| 2nd High | 153.919 |
| Next High | 153.699 |
| Current Price | 153.74900 |
| Next Low | 153.063 |
| 2nd Low | 152.698 |
| 3rd Low | 152.564 |
153.699 – 153.919 – 153.753 – 153.063 – 152.698 – 153.251 —
153.78700 – 153.79900 —
63.742215959906 – 55.099861046009 —
– —
153.699 – 1771387200
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –