The combination US Dollar/Japanese Yen (USD/JPY) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 155.213 will persist.
Caution: A possible change in the direction of the resistance line at 156.387 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.734 |
| 2nd High | 156.577 |
| Next High | 156.387 |
| Current Price | 155.28400 |
| Next Low | 155.213 |
| 2nd Low | 155.047 |
| 3rd Low | 154.813 |
156.387 – 156.577 – 156.366 – 155.979 – 156.092 – 156.234 —
155.58100 – 155.55900 —
29.17126779423 – 40.464637303957 —
– —
156.38700 – 1764347400
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –