USD/JPY – 1H – SELLThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at 159.538 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 160.372 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.721 |
| 2nd High | 160.593 |
| Next High | 160.372 |
| Current Price | 160.19100 |
| Next Low | 159.538 |
| 2nd Low | 159.368 |
| 3rd Low | 159.096 |
160.372 – 160.593 – 160.567 – 159.538 – 160.421 – 160.049 —
160.18000 – 160.23500 —
45.959857634077 – 49.486991433029 —
– —
160.372 – 1781258400
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –