USD/JPY – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 154.118188 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 156.74500 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 156.74500 |
| Current Price | 154.80900 |
| Next Low | 153.83600 |
| 2nd Low | 153.40300 |
| 3rd Low | 152.13800 |