USD/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 148.7925 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 149.57700 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.88700 |
| 2nd High | 149.77400 |
| Next High | 149.57700 |
| Current Price | 149.11900 |
| Next Low | 148.39700 |
| 2nd Low | 148.23700 |
| 3rd Low | 148.00800 |