USD/JPY – 30M – SELLThe pair moves from the ascending trendline down.
A descent downwards to the next support line at 143.52700 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 146.49500 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 145.456458 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 146.49500 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.34300 |
| 2nd High | 147.20600 |
| Next High | 146.49500 |
| Current Price | 146.35600 |
| Next Low | 143.52700 |
| 2nd Low | 143.41900 |
| 3rd Low | 142.96700 |