USD/JPY – 1H – SELLThe pair US Dollar/Japanese Yen (USD/JPY) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 146.28400 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.64800 |
| 2nd High | 148.27200 |
| Next High | 146.28400 |
| Current Price | 143.87100 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
146.28400 – 144.45500 – 143.03000 – 143.43900 – 143.84700 – 142.11100
Trading Signals: FOREX – USD – USD/JPY – JPY – Southern Doji