USD/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 156.504104 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 158.06800 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 158.08100 |
| Next High | 158.06800 |
| Current Price | 156.77700 |
| Next Low | 156.01700 |
| 2nd Low | 155.94900 |
| 3rd Low | 153.33100 |