USD/JPY – 30M – SELLThe combination US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 153.27500 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 155.02100 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 153.903 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 155.02100 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.88500 |
| 2nd High | 155.26200 |
| Next High | 155.02100 |
| Current Price | 153.76300 |
| Next Low | 153.27500 |
| 2nd Low | 152.13800 |
| 3rd Low | 151.28200 |