The combination US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 152.698 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 153.753 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.651 |
| 2nd High | 153.755 |
| Next High | 153.753 |
| Current Price | 153.24500 |
| Next Low | 152.698 |
| 2nd Low | 152.564 |
| 3rd Low | 152.361 |
153.753 – 153.634 – 153.664 – 152.698 – 152.564 – 152.361 —
153.38800 – 153.29900 —
54.130664678551 – 50.422344936004 —
– —
153.753 – 1771290000
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –