USD/JPY – 30M – SELLThe combination moves from the ascending trendline down.
A bearish trend down to the next support line at 152.68700 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 154.70900 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 152.015378 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 154.70900 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 154.70900 |
| Current Price | 152.81000 |
| Next Low | 152.68700 |
| 2nd Low | 151.28200 |
| 3rd Low | 150.60100 |