USD/JPY – 30M – SELLThe combination goes from the ascending trendline down.
A descent downwards to the next support line at 147.34100 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 148.37600 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.13500 |
| 2nd High | 148.68300 |
| Next High | 148.37600 |
| Current Price | 148.17000 |
| Next Low | 147.34100 |
| 2nd Low | 145.91400 |
| 3rd Low | 143.52700 |