USD/JPY – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline down.
The bearish trend down to the next support level at 155.302 will continue.
Caution: A possible change in the direction of the resistance line at 155.784 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 155.784 |
| Current Price | 155.64200 |
| Next Low | 155.302 |
| 2nd Low | 154.547 |
| 3rd Low | 153.704 |
155.784 – 155.509 – 154.757 – 155.302 – 154.547 – 153.704 —
155.94200 – 155.77400 —
66.219143622858 – 53.537692805232 —
– —
155.784 – 1770067800
Trading Signals: FOREX – USD – USD/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –