Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 160.105 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 160.479 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.721 |
| 2nd High | 160.593 |
| Next High | 160.479 |
| Current Price | 160.24500 |
| Next Low | 160.11300 |
| 2nd Low | 160.044 |
| 3rd Low | 160.026 |
160.479 – 160.461 – 160.344 – 160.11300 – 160.044 – 160.026 —
160.25000 – 160.33200 —
37.054958307347 – 53.521838291233 —
160.11300 – 1781694000 —
160.479 – 1781652600
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –