USD/JPY – 1H – SELLThe combination moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 141.22000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 142.46200 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 141.308 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 142.46200 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.71000 |
| 2nd High | 143.04100 |
| Next High | 142.46200 |
| Current Price | 142.10600 |
| Next Low | 141.22000 |
| 2nd Low | 140.31600 |
| 3rd Low | 139.57500 |