USD/JPY – 1H – SELLThe combination moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 142.96700 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 144.52700 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 142.787308 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 144.52700 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.20600 |
| 2nd High | 146.49500 |
| Next High | 144.52700 |
| Current Price | 143.70500 |
| Next Low | 142.96700 |
| 2nd Low | 141.64200 |
| 3rd Low | 140.43300 |