The USDJPY pair is beginning to exhibit signs of a revival after experiencing a significant upward movement. The Moving Average (MA) technical indicator points to a bullish trend, as the price has successfully breached and maintained its position above the MA line, confirming the emergence of bullish momentum. This upward movement is bolstered by increasing buying interest, which adds further support to this currency pair.
The MACD indicator also offers positive confirmation, as the MACD line crosses above the signal line, while the histogram indicates a growth in bullish momentum. The combination of a rising MA and bullish signals from the MACD presents a promising outlook for the USDJPY to continue its ascent towards the next resistance level.
Recommended
Recommended
Recommended
Recommended
The USDJPY demonstrates potential for upward movement on the 15-minute time frame after marking a break above the upper boundary of the Bollinger Bands, signaling increasing buying pressure. This signal is further validated by the MACD indicator, which shows bullish momentum, with the MACD line positioned above the signal line and a positively expanding histogram. The synergy between these two indicators instills confidence among traders that the USDJPY is poised to test the resistance level of 157.410.
Technical Reference: buy as long as above 155.175
Potential Take Profit 1: 157.045
Potential Take Profit 2: 157.410
Potential Stop Loss 1: 155.545
Potential Stop Loss 2: 155.175
