USD/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 148.7925 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 149.28300 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.77400 |
| 2nd High | 149.57700 |
| Next High | 149.28300 |
| Current Price | 149.19100 |
| Next Low | 148.39700 |
| 2nd Low | 148.23700 |
| 3rd Low | 148.00800 |