USD/JPY – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 151.972308 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 153.87600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 153.87600 |
| Current Price | 152.53200 |
| Next Low | 151.69400 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |