USD/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 148.343766 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 149.57700 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.88700 |
| 2nd High | 149.77400 |
| Next High | 149.57700 |
| Current Price | 148.67100 |
| Next Low | 148.39700 |
| 2nd Low | 148.23700 |
| 3rd Low | 148.00800 |