USD/JPY – 1H – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 142.65000 is expected.
Caution: A possible counter-trend in the direction of resistance at 143.79300 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.22800 |
| 2nd High | 144.03600 |
| Next High | 143.79300 |
| Current Price | 143.15700 |
| Next Low | 142.65000 |
| 2nd Low | 141.77000 |
| 3rd Low | 141.68100 |