The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 154.506 is likely expected.
Caution: A possible change in the direction of the resistance level at 155.539 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Next a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Next a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.176 |
| 2nd High | 155.753 |
| Next High | 155.539 |
| Current Price | 154.90800 |
| Next Low | 154.506 |
| 2nd Low | 154.413 |
| 3rd Low | 153.615 |
155.539 – 155.753 – 156.176 – 154.506 – 155.016 – 155.01 —
155.15900 – 155.13300 —
58.320328923931 – 56.105671221817 —
– —
155.53900 – 1764826200
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –