USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline downwards
A bearish trend down to the next support level at 149.76500 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 150.69700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 150.267792 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 150.69700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.22600 |
| 2nd High | 150.77000 |
| Next High | 150.69700 |
| Current Price | 149.96400 |
| Next Low | 149.76500 |
| 2nd Low | 149.65000 |
| 3rd Low | 148.64200 |