USD/JPY – 30M – SELLThe currency pair moves from the ascending trendline downwards
A bearish descent down to the next support line at 143.25000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 144.67900 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 143.162 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 144.67900 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.20600 |
| 2nd High | 146.28600 |
| Next High | 144.67900 |
| Current Price | 143.34200 |
| Next Low | 143.25000 |
| 2nd Low | 143.16200 |
| 3rd Low | 141.73500 |