USD/JPY – 1H – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at 141.73500 is likely expected.
Caution: A possible change in the direction of resistance at 146.49500 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 141.735 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 146.49500 could be enabled.
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 | 146.49500 |
| Current Price | 142.46400 |
| Next Low | 141.73500 |
| 2nd Low | 140.43300 |
| 3rd Low | 140.31600 |