USD/JPY – 30M – SELLThe combination moves from the bullish trendline down.
A descent downwards to the next support line at 142.03700 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 143.94300 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 142.1295 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 143.94300 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.22800 |
| 2nd High | 144.03600 |
| Next High | 143.94300 |
| Current Price | 142.91000 |
| Next Low | 142.03700 |
| 2nd Low | 140.43300 |
| 3rd Low | 140.31600 |