USD/JPY – 30M – SELLThe currency pair moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 148.86600 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 149.53900 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.97700 |
| 2nd High | 149.75500 |
| Next High | 149.53900 |
| Current Price | 149.17600 |
| Next Low | 148.86600 |
| 2nd Low | 148.84600 |
| 3rd Low | 148.39700 |