USD/JPY – 1H – SELLThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 153.54600 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 155.02100 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.74500 |
| 2nd High | 155.88500 |
| Next High | 155.02100 |
| Current Price | 153.92300 |
| Next Low | 153.54600 |
| 2nd Low | 153.27500 |
| 3rd Low | 152.13800 |