USD/JPY – 1H – SELLThe currency pair moves from the ascending trendline down.
A bearish movement down to the next support line at 149.08300 is expected.
Caution: A possible change in the direction of the resistance level at 151.10200 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 150.569584 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 151.10200 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 151.10200 |
| Current Price | 151.02500 |
| Next Low | 149.08300 |
| 2nd Low | 148.86600 |
| 3rd Low | 148.84600 |