The pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 156.507 is certain.
Caution: A possible counter-trend in the direction of resistance at 157.153 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 156.84 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 157.153 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.223 |
| 2nd High | 157.334 |
| Next High | 157.153 |
| Current Price | 157.04800 |
| Next Low | 156.507 |
| 2nd Low | 156.346 |
| 3rd Low | 155.523 |
157.153 – 157.092 – 157.334 – 156.507 – 156.527 – 156.679 —
157.12300 – 157.11400 —
59.749904427742 – 56.942682966929 —
– —
157.153 – 1770382800
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –