USD/JPY – 1H – SELLThe pair jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 141.73500 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 146.49500 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.34300 |
| 2nd High | 147.20600 |
| Next High | 146.49500 |
| Current Price | 142.16500 |
| Next Low | 141.73500 |
| 2nd Low | 140.43300 |
| 3rd Low | 140.31600 |