USD/JPY – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 152.2385 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 153.87600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 153.87600 |
| Current Price | 152.93800 |
| Next Low | 152.40400 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |