The combination US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at will persist.
Caution: A possible change in the direction of the resistance zone at 160.479 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.721 |
| 2nd High | 160.593 |
| Next High | 160.479 |
| Current Price | 160.19600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
160.479 – 160.39 – 160.372 – 160.044 – 159.731 – 159.538 —
160.30200 – 160.34500 —
37.111350554756 – 52.335083903903 —
– —
160.479 – 1781650800
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –