The pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 159.743 is expected.
Caution: A possible change in the direction of support at 157.271 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 159.743 |
| Current Price | 159.03900 |
| Next Low | 157.271 |
| 2nd Low | 156.449 |
| 3rd Low | 155.534 |
159.743 – 158.899 – 157.965 – 157.271 – 156.449 – 155.534 —
159.58100 – 159.21100 —
58.184750521738 – 50.524776476244 —
– —
159.743 – 1773432000
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –