USD/JPY – 1H – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 159.895 is certain.
Caution: A possible counter-trend in the direction of support at 159.281 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 159.895 |
| Current Price | 160.40200 |
| Next Low | 159.281 |
| 2nd Low | 158.365 |
| 3rd Low | 158.014 |
159.844 – 159.186 – 159.653 – 159.281 – 158.365 – 158.014 —
159.94600 – 160.32600 —
61.308615693058 – 66.101515612892 —
– —
159.844 – 1774566000
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –