USD/JPY – 30M – SELLThe pair jumps from the bullish trendline downwards
A bearish descent downwards to the next support level at 149.46200 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 150.31900 could happen.
Please make appropriate stop-loss settings in the case of a trade.
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 counter-trend in the direction of the support zone at 150.31900 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 150.31900 |
| Current Price | 149.92100 |
| Next Low | 149.46200 |
| 2nd Low | 149.23900 |
| 3rd Low | 149.14200 |