USD/JPY – 30M – SELLThe currency pair goes from the ascending trendline downwards
A descent down to the next support line at 150.60100 is certain.
Caution: A possible change in the direction of the resistance zone at 151.10200 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 150.625516 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 151.10200 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 | 151.10200 |
| Current Price | 150.91800 |
| Next Low | 150.60100 |
| 2nd Low | 150.49100 |
| 3rd Low | 149.08300 |