USD/JPY – 30M – SELLThe combination US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline downwards
The bearish trend downwards to the next support at 148.60100 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 149.66000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.18000 |
| 2nd High | 150.14400 |
| Next High | 149.66000 |
| Current Price | 149.77500 |
| Next Low | 148.60100 |
| 2nd Low | 148.58400 |
| 3rd Low | 148.17400 |
149.66000 – 148.95700 – 150.14400 – 148.60100 – 148.58400 – 148.17400