USD/JPY – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 141.536428 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 143.71000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.03600 |
| 2nd High | 143.79300 |
| Next High | 143.71000 |
| Current Price | 141.42300 |
| Next Low | 140.70500 |
| 2nd Low | |
| 3rd Low |