USD/JPY – 30M – SELLThe currency pair moves from the ascending trendline downwards
A descent down to the next support at 153.40300 is likely expected.
Caution: A possible change in the direction of the resistance zone at 154.92100 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 154.264212 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 154.92100 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 154.92100 |
| Current Price | 154.60100 |
| Next Low | 153.40300 |
| 2nd Low | 152.13800 |
| 3rd Low | 151.28200 |