USD/JPY – 30M – SELLThe combination jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 150.60100 will persist.
Caution: A possible change in the direction of the resistance line at 152.54300 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 151.531 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 152.54300 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 153.86400 |
| 2nd High | 153.08900 |
| Next High | 152.54300 |
| Current Price | 151.41700 |
| Next Low | 150.60100 |
| 2nd Low | 150.49100 |
| 3rd Low | 149.08300 |