USD/JPY – 30M – SELLThe currency pair jumps from the bullish trendline down.
A bearish descent downwards to the next support at 149.46200 is likely expected.
Caution: A possible change in the direction of resistance at 150.31900 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction 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 149.5925 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 150.31900 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 150.31900 |
| Current Price | 149.86300 |
| Next Low | 149.46200 |
| 2nd Low | 149.23900 |
| 3rd Low | 149.14200 |