USD/JPY – 1H – SELLThe combination moves from the ascending trendline down.
A bearish descent downwards to the next support line at 142.89300 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 147.20600 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.36400 |
| 2nd High | 147.34300 |
| Next High | 147.20600 |
| Current Price | 144.70200 |
| Next Low | 142.89300 |
| 2nd Low | 141.73500 |
| 3rd Low | 140.43300 |