USD/JPY – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 149.08300 will continue.
Caution: A possible trend reversal in the direction of resistance at 151.10200 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 150.569584 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 151.10200 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 151.10200 |
| Current Price | 150.97500 |
| Next Low | 149.08300 |
| 2nd Low | 148.86600 |
| 3rd Low | 148.84600 |