USD/JPY – 4H – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 159.452 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 157.271 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 159.452 |
| Current Price | 159.34900 |
| Next Low | 157.271 |
| 2nd Low | 156.449 |
| 3rd Low | 155.534 |
158.899 – 157.965 – 156.818 – 157.271 – 156.449 – 155.534 —
159.63400 – 159.30000 —
68.050624308803 – 51.593502426095 —
– —
158.899 – 1773028800
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –