USD/JPY – 30M – SELLThe currency pair goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 148.86600 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 149.53900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.97700 |
| 2nd High | 149.75500 |
| Next High | 149.53900 |
| Current Price | 149.30800 |
| Next Low | 148.86600 |
| 2nd Low | 148.84600 |
| 3rd Low | 148.39700 |