USD/JPY – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline downwards
A descending movement downwards to the next support level at 155.534 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 157.75 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 157.75 |
| Current Price | 157.24500 |
| Next Low | 155.534 |
| 2nd Low | 155.342 |
| 3rd Low | 154.217 |
157.75 – 156.231 – 156.429 – 155.534 – 155.698 – 155.342 —
157.49300 – 157.51100 —
64.344786793676 – 62.954109423303 —
– —
157.75 – 1772470800
Trading Signals: FOREX – USD – USD/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –