USD/JPY – 1H – SELLThe pair US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline down.
A descending movement downwards to the next support level at 156.452 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 156.953 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.76 |
| 2nd High | 157.295 |
| Next High | 156.953 |
| Current Price | 156.84600 |
| Next Low | 156.452 |
| 2nd Low | 156.293 |
| 3rd Low | 156.16 |
156.953 – 156.803 – 157.295 – 156.452 – 156.293 – 156.16 —
156.78100 – 156.98300 —
52.569426730296 – 59.245722801191 —
– —
156.95300 – 1767844800
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –