USD/JPY – 1H – SELLThe pair moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 152.13800 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 153.94900 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 152.9955 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 153.94900 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 | 154.70900 |
| Next High | 153.94900 |
| Current Price | 153.65400 |
| Next Low | 152.13800 |
| 2nd Low | 151.28200 |
| 3rd Low | 150.60100 |