The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline down.
A descending movement down to the next support level at 160.421 is considered certain.
Caution: A possible change in the direction of the resistance zone at 160.567 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
Then a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.
Then a ‘StochOSC Hidden Bearish Divergence’ indicator layout is detected. The indicator is ‘StochOSC Hidden Bearish Divergence’. which is often a bearish signal. The currency pair could go down.
Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 160.721 |
| Next High | 160.567 |
| Current Price | 160.50600 |
| Next Low | 160.421 |
| 2nd Low | 160.322 |
| 3rd Low | 160.233 |
160.567 – 160.526 – 160.431 – 160.421 – 160.322 – 160.233 —
160.53400 – 160.57900 —
53.472808610359 – 62.973125974816 —
– —
160.567 – 1781134200
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –