USD/JPY – 1H – SELLThe combination goes from the bullish trendline down.
The bearish trend down to the next support line at 142.89300 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 144.67900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 143.676944 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 144.67900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.34300 |
| 2nd High | 147.20600 |
| Next High | 144.67900 |
| Current Price | 144.16400 |
| Next Low | 142.89300 |
| 2nd Low | 141.73500 |
| 3rd Low | 140.43300 |