USD/JPY – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 142.787308 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 146.49500 should always be considered.
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 | 143.51900 |
| Next Low | 141.64200 |
| 2nd Low | 140.43300 |
| 3rd Low | 140.31600 |