USD/JPY – 4H – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 159.856 will continue.
Caution: A possible trend reversal in the direction of the support level at 157.591 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.
Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.459 |
| 2nd High | 160.028 |
| Next High | 159.856 |
| Current Price | 159.70300 |
| Next Low | 157.591 |
| 2nd Low | 157.504 |
| 3rd Low | 157.271 |
159.528 – 159.856 – 160.028 – 157.591 – 157.884 – 158.271 —
159.36600 – 159.61900 —
56.709063234653 – 55.218838893611 —
– —
159.528 – 1776412800
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –