USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
An ascent upwards to the next resistance level at 160.337 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 159.731 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.593 |
| 2nd High | 160.372 |
| Next High | 160.337 |
| Current Price | 160.13300 |
| Next Low | 159.731 |
| 2nd Low | 159.538 |
| 3rd Low | 159.368 |
160.227 – 160.337 – 160.372 – 159.731 – 159.95 – 159.538 —
160.08700 – 160.13800 —
48.639834716856 – 51.01284464344 —
– —
160.227 – 1781499600
Trading Signals: FOREX – USD – USD/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –