USD/JPY – 30M – SELLThe combination jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 140.28000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 141.00700 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.04100 |
| 2nd High | 141.41100 |
| Next High | 141.00700 |
| Current Price | 139.71900 |
| Next Low | 140.28000 |
| 2nd Low | |
| 3rd Low |