The pair US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline down.
The bearish trend downwards to the next support at 156.234 is expected.
Caution: A possible change in the direction of the resistance zone at 156.401 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.981 |
| 2nd High | 156.734 |
| Next High | 156.401 |
| Current Price | 156.37600 |
| Next Low | 156.234 |
| 2nd Low | 155.718 |
| 3rd Low | 155.651 |
156.366 – 156.401 – 156.734 – 156.234 – 155.718 – 156.285 —
156.31500 – 156.57700 —
49.384122869432 – 64.356432625846 —
– —
156.36600 – 1764275400
Trading Signals: FOREX – USD – USD/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –