The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 161.978 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 162.542 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition 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 | 162.838 |
| 2nd High | 162.704 |
| Next High | 162.542 |
| Current Price | 162.26200 |
| Next Low | 161.978 |
| 2nd Low | 161.891 |
| 3rd Low | 161.603 |
162.542 – 162.417 – 162.481 – 161.978 – 161.891 – 161.603 —
162.38200 – 162.43000 —
56.811946701452 – 58.515174935014 —
– —
162.542 – 1784228400
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –