USD/JPY – 30M – SELLThe pair jumps from the ascending trendline downwards
A bearish movement downwards to the next support level at 150.49100 is certain.
Caution: A possible trend reversal in the direction of resistance at 150.88100 should always be considered.
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 certain. Current target is 150.456672 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 150.88100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 150.88100 |
| Current Price | 150.71600 |
| Next Low | 150.49100 |
| 2nd Low | 149.08300 |
| 3rd Low | 148.86600 |