The combination US Dollar/Japanese Yen (USD/JPY) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 155.495 will persist.
Caution: A possible change in the direction of the resistance level at 157.299 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.721 |
| 2nd High | 157.326 |
| Next High | 157.299 |
| Current Price | 157.10900 |
| Next Low | 155.495 |
| 2nd Low | 154.217 |
| 3rd Low | 153.995 |
157.299 – 157.201 – 157.245 – 155.495 – 156.302 – 155.554 —
157.28200 – 157.23700 —
56.667063759347 – 55.843441962551 —
– —
157.299 – 1777921200
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –