USD/JPY – 30M – SELLThe currency pair goes from the ascending trendline downwards
The bearish trend down to the next support level at 143.46400 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 144.45600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 143.1135 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 144.45600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 146.28600 |
| 2nd High | 144.49200 |
| Next High | 144.45600 |
| Current Price | 143.66300 |
| Next Low | 143.46400 |
| 2nd Low | 141.73500 |
| 3rd Low | 140.43300 |