USD/JPY – 1H – SELLThe pair goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 151.53100 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 153.08900 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 153.87600 |
| 2nd High | 153.86400 |
| Next High | 153.08900 |
| Current Price | 152.26800 |
| Next Low | 151.53100 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |