USD/JPY – 30M – SELLThe currency pair moves from the ascending trendline down.
A bearish descent downwards to the next support level at 141.73500 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 143.94300 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 143.11464 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 143.94300 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.22800 |
| 2nd High | 144.03600 |
| Next High | 143.94300 |
| Current Price | 143.78900 |
| Next Low | 141.73500 |
| 2nd Low | 140.43300 |
| 3rd Low | 140.31600 |