Drawing attention to the 4 hours chart, you will notice that for the second consecutive day, continuing the slow but steady growth (after the currency was able to penetrate the upper limit of the symmetrical triangle) of the American dollar against the Japanese yen
USD/JPY
Current price levels are still located above the moving averages with periods of 34, 55, 89 and 144, which is directed upwards and point to the continuing bullish sentiment.
The MACD histogram is located in the positive zone, located above its signal line, continues to rise and thus sends a signal to buy the dollar / yen.
Stochastic Oscillator re-entered the overbought zone and formed a similar signal, since the beginning of the% K line rises above the% D.
Therefore, we expect that growth in dollar / yen will continue, but the immediate goal of bulls is located on 92.50.
Levels of resistance: 92.00/10, 92.50, 92.70, 93.00
Support levels: 91.50, 91.00, 90.70, 90.50, 90.20/00
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