USD/JPY – 30M – SELLThe pair goes from the ascending trendline down.
A bearish descent down to the next support line at 151.69400 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 153.86400 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 152.246 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 153.86400 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 153.87600 |
| Next High | 153.86400 |
| Current Price | 152.09700 |
| Next Low | 151.69400 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |