USD/JPY – 4H – SELLThe combination US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline downwards
A bearish movement down to the next support line at 146.573 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 148.181 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.485 |
| 2nd High | 148.775 |
| Next High | 148.181 |
| Current Price | 147.82700 |
| Next Low | 146.573 |
| 2nd Low | 142.678 |
| 3rd Low | 142.528 |
148.181 – 148.775 – 148.111 – 146.573 – 146.867 – 142.678 — 53.018432064731 – 48.565278049718 — 54.635770975057 – 64.265873015873 – 31.120086923658 – 50.381235827664