USD/JPY – 30M – SELLThe combination moves from the ascending trendline downwards
A descending movement down to the next support line at 152.13800 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 153.94900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 152.9955 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 153.94900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 154.70900 |
| Next High | 153.94900 |
| Current Price | 153.80700 |
| Next Low | 152.13800 |
| 2nd Low | 151.28200 |
| 3rd Low | 150.60100 |