USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline down.
A descent down to the next support level at 142.27500 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 144.07800 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 143.574 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 144.07800 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Head and Shoulder chart pattern’ chart pattern is detected. The chart shows ‘Head and Shoulder chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 145.13100 |
| 2nd High | 144.20100 |
| Next High | 144.07800 |
| Current Price | 143.61800 |
| Next Low | 142.27500 |
| 2nd Low | 141.52600 |
| 3rd Low | 139.88400 |
143.57400 – 143.21600 – 141.17000 – 142.27500 – 141.52600 – 139.88400