USD/JPY – 30M – SELLThe combination jumps from the ascending trendline downwards
A descent down to the next support level at 148.39700 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 149.97700 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 148.9925 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 149.97700 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.25900 |
| 2nd High | 150.88700 |
| Next High | 149.97700 |
| Current Price | 149.30500 |
| Next Low | 148.39700 |
| 2nd Low | 148.23700 |
| 3rd Low | 148.00800 |