The combination US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 154.34 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 155.226 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.753 |
| 2nd High | 155.539 |
| Next High | 155.226 |
| Current Price | 155.15800 |
| Next Low | 154.34 |
| 2nd Low | 153.615 |
| 3rd Low | 153.005 |
155.226 – 155.539 – 155.753 – 154.34 – 154.506 – 155.016 —
154.88900 – 155.25800 —
50.123424723182 – 61.595285525265 —
– —
155.22600 – 1764900000
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –