USD/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 152.9955 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 154.70900 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 | 154.70900 |
| Current Price | 153.69700 |
| Next Low | 153.64800 |
| 2nd Low | 151.28200 |
| 3rd Low | 150.60100 |