USD/JPY – 1H – SELLMoreover a ‘Double bottom retreat down’ chart formation is existing. The chart shows ‘Double bottom retreat down’. which is a bearish chart scenario. The pair is likely to go down.
The combination US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline downwards
A bearish descent down to the next support at 154.54 will persist.
Caution: A possible counter-trend in the direction of resistance at 155.34 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.656 |
| 2nd High | 156.29 |
| Next High | 155.34 |
| Current Price | 154.84900 |
| Next Low | 154.54 |
| 2nd Low | 153.063 |
| 3rd Low | 152.698 |
155.34 – 153.919 – 153.753 – 154.54 – 153.063 – 152.698 —
155.37200 – 155.44500 —
56.667611340384 – 59.391862690282 —
– —
155.34 – 1771488000
Trading Signals: FOREX – USD – USD/JPY – JPY – – Double bottom retreat down – – – – – – – –