USD/JPY – 30M – SELLThe currency pair jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 151.53100 is likely expected.
Caution: A possible change in the direction of the resistance level at 152.54300 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 151.531 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 152.54300 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 153.86400 |
| 2nd High | 153.08900 |
| Next High | 152.54300 |
| Current Price | 151.70100 |
| Next Low | 151.53100 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |