The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 156.16 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 156.791 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.569 |
| 2nd High | 157.295 |
| Next High | 156.791 |
| Current Price | 156.37000 |
| Next Low | 156.16 |
| 2nd Low | 156.112 |
| 3rd Low | 155.918 |
156.791 – 157.295 – 156.998 – 156.16 – 156.112 – 156.696 —
156.37700 – 156.51400 —
46.642544283065 – 55.570880633558 —
– —
156.79100 – 1767666600
Trading Signals: FOREX – USD – USD/JPY – JPY – – Double top retreat up – – – – – – – –