The pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline down.
A descent downwards to the next support level at is certain.
Caution: A possible trend reversal in the direction of resistance at 157.295 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.891 |
| 2nd High | 157.76 |
| Next High | 157.295 |
| Current Price | 156.57400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
157.295 – 156.998 – 156.992 – 156.559 – 156.514 – 155.743 —
157.22900 – 156.97800 —
53.65286386894 – 48.4098359266 —
– —
157.29500 – 1767592800
Trading Signals: FOREX – USD – USD/JPY – JPY – – Double top retreat up – – – – – – – –