USD/JPY – 30M – SELLThe currency pair moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 147.84600 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 148.20600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.13500 |
| 2nd High | 148.68300 |
| Next High | 148.20600 |
| Current Price | 147.64800 |
| Next Low | 147.84600 |
| 2nd Low | 145.91400 |
| 3rd Low | 143.52700 |