USD/JPY – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 141.964 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 144.27200 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.27600 |
| 2nd High | 145.92000 |
| Next High | 144.27200 |
| Current Price | 142.72700 |
| Next Low | 141.96400 |
| 2nd Low | 139.88400 |
| 3rd Low |
144.27200 – 145.92000 – 143.15200 – 143.53600 – 143.72700 – 141.96400