USD/JPY – 1H – SELLThe combination moves from the ascending trendline down.
A bearish movement downwards to the next support line at 149.23900 is considered certain.
Caution: A possible change in the direction of the resistance level at 149.97700 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 149.60412 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 149.97700 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 149.97700 |
| Current Price | 149.88800 |
| Next Low | 149.23900 |
| 2nd Low | 148.86600 |
| 3rd Low | 148.84600 |