The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at is certain.
Caution: A possible counter-trend in the direction of resistance at 160.479 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.721 |
| 2nd High | 160.593 |
| Next High | 160.479 |
| Current Price | 160.19500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
160.479 – 160.39 – 160.372 – 160.044 – 159.731 – 159.538 —
160.32200 – 160.33200 —
41.763301066693 – 50.838681723687 —
– —
160.479 – 1781650800
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –