Buy USD/JPY – 4H – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline downwards

A descent downwards to the next support level at 142.11100 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 148.64800 could be enabled.
Consider stop-loss settings accordingly.

Das Paar US Dollar/Japanese Yen (USD/JPY) springt von der aufsteigenden Trendline abwärts

Ein bäriger Trend nach unten zur nächsten Unterstützung bei 142.11100 ist sicher.

Vorsicht: Eine Umkehr des Trends in Richtung des Widerstands bei 148.64800 sollte beachtet werden.
Stop-Loss Einstellungen entsprechend berücksichtigen.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 146.579696 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 148.64800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High 151.20700
2nd High 150.48500
Next High 148.64800
Current Price 144.84600
Next Low 142.11100
2nd Low 141.96400
3rd Low 139.88400

148.64800 – 145.92000 – 144.02700 – 142.11100 – 142.35100 – 141.96400

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