The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 157.076 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 157.934 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 160.721 |
| Next High | 157.934 |
| Current Price | 155.75300 |
| Next Low | 157.076 |
| 2nd Low | 156.564 |
| 3rd Low | 155.495 |
157.934 – 157.299 – 157.245 – 157.076 – 156.564 – 155.495 —
157.69300 – 156.28900 —
55.985737714416 – 30.208155864228 —
– —
157.934 – 1778029200
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –