USD/JPY – 1H – SELLThe pair moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 151.53100 is certain.
Caution: A possible trend reversal in the direction of resistance at 153.08900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 153.87600 |
| 2nd High | 153.86400 |
| Next High | 153.08900 |
| Current Price | 152.34600 |
| Next Low | 151.53100 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |