USD/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 154.85074 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 156.74500 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 156.74500 |
| Current Price | 154.94700 |
| Next Low | 154.33500 |
| 2nd Low | 153.40300 |
| 3rd Low | 152.13800 |