USD/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 141.0185 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 142.46200 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.71000 |
| 2nd High | 143.04100 |
| Next High | 142.46200 |
| Current Price | 141.69300 |
| Next Low | 141.22000 |
| 2nd Low | 140.31600 |
| 3rd Low | 139.57500 |