USD/JPY – 30M – SELLThe combination US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 158.26 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 159.30300 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 159.856 |
| Next High | 159.30300 |
| Current Price | 159.21500 |
| Next Low | 158.26 |
| 2nd Low | 157.884 |
| 3rd Low | 157.504 |
159.30300 – 159.151 – 159.059 – 158.26 – 158.751 – 158.643 —
159.30300 – 159.27700 —
63.667574614643 – 61.529668943767 —
159.30300 – 1776357000 —
– 1776357000
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –