USD/JPY – 1H – SELLThe pair US Dollar/Japanese Yen (USD/JPY) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 153.62400 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 154.72000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.88500 |
| 2nd High | 155.02100 |
| Next High | 154.72000 |
| Current Price | 153.72800 |
| Next Low | 153.62400 |
| 2nd Low | 153.54600 |
| 3rd Low | 153.27500 |