USD/JPY – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The combination US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 156.527 is certain.
Caution: A possible trend reversal in the direction of resistance at 157.334 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 157.334 |
| Current Price | 156.64800 |
| Next Low | 156.527 |
| 2nd Low | 155.302 |
| 3rd Low | 152.677 |
157.334 – 156.079 – 155.784 – 156.527 – 155.302 – 152.677 —
156.87800 – 157.03500 —
50.658276244392 – 55.630787879617 —
– —
157.334 – 1770289200
Trading Signals: FOREX – USD – USD/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –