USD/JPY – 30M – SELLThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 146.86700 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 147.69400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.89900 |
| 2nd High | 147.81400 |
| Next High | 147.69400 |
| Current Price | 147.37000 |
| Next Low | 146.86700 |
| 2nd Low | 146.73400 |
| 3rd Low | 146.21100 |
147.69400 – 147.81400 – 147.89900 – 146.86700 – 147.14200 – 147.44200 — 54.446098552038 – 51.237348941093 — 52.988808678049 – 57.522630915549 – 38.85948871521 – 46.920794978547