USD/JPY – 30M – SELLThe combination US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 154.29300 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 155.35500 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.74500 |
| 2nd High | 155.77800 |
| Next High | 155.35500 |
| Current Price | 154.67500 |
| Next Low | 154.29300 |
| 2nd Low | 153.83600 |
| 3rd Low | 153.40300 |