USD/JPY – 30M – SELLThe combination goes from the bullish trendline down.
The bearish trend downwards to the next support line at 142.03700 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 143.94300 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 142.1295 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 143.94300 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.22800 |
| 2nd High | 144.03600 |
| Next High | 143.94300 |
| Current Price | 142.72300 |
| Next Low | 142.03700 |
| 2nd Low | 140.43300 |
| 3rd Low | 140.31600 |