USD/JPY – 30M – SELLThe pair goes from the bullish trendline downwards
A bearish trend down to the next support level at 151.28200 is expected.
Caution: A possible trend reversal in the direction of resistance at 154.38000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 153.648872 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 154.38000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 154.38000 |
| Current Price | 154.17600 |
| Next Low | 151.28200 |
| 2nd Low | 150.60100 |
| 3rd Low | 150.49100 |