USD/JPY – 30M – SELLThe combination moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 142.77800 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 146.49500 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.34300 |
| 2nd High | 147.20600 |
| Next High | 146.49500 |
| Current Price | 142.40900 |
| Next Low | 142.77800 |
| 2nd Low | 141.73500 |
| 3rd Low | 140.43300 |