USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 152.98200 is certain.
Caution: A possible change in the direction of the resistance zone at 154.21600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 152.982 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 154.21600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.72000 |
| 2nd High | 154.48600 |
| Next High | 154.21600 |
| Current Price | 153.36200 |
| Next Low | 152.98200 |
| 2nd Low | 152.13800 |
| 3rd Low | 151.28200 |