USD/JPY – 30M – SELLThe combination goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 148.84600 is certain.
Caution: A possible counter-trend in the direction of resistance at 149.53900 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.97700 |
| 2nd High | 149.75500 |
| Next High | 149.53900 |
| Current Price | 149.08600 |
| Next Low | 148.84600 |
| 2nd Low | 148.39700 |
| 3rd Low | 148.23700 |