USD/JPY – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 151.0245 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 153.18300 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 153.18300 |
| Current Price | 151.86800 |
| Next Low | 150.60100 |
| 2nd Low | 149.08300 |
| 3rd Low | 148.86600 |