The combination US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline down.
A bearish movement downwards to the next support level at 152.265 will continue.
Caution: A possible counter-trend in the direction of resistance at 153.546 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.
Besides a ‘StochRSI Hidden Bearish Divergence’ indicator layout is discovered. The indicator is ‘StochRSI Hidden Bearish Divergence’. which is often a bearish chart scenario. The currency pair could go down.
Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Besides a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.631 |
| 2nd High | 154.651 |
| Next High | 153.546 |
| Current Price | 153.26300 |
| Next Low | 152.265 |
| 2nd Low | 152.093 |
| 3rd Low | 151.862 |
153.546 – 153.444 – 154.651 – 152.265 – 152.55 – 152.796 —
152.98500 – 153.75500 —
46.792474876083 – 67.745251151508 —
– —
153.546 – 1770885000
Trading Signals: FOREX – USD – USD/JPY – JPY – Two Crows – – – – – – – – –