USD/JPY – 30M – SELL
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 141.0185 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 142.46200 is within the realm of possibility.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 143.71000 |
2nd High | 143.04100 |
Next High | 142.46200 |
Current Price | 141.69300 |
Next Low | 141.22000 |
2nd Low | 140.31600 |
3rd Low | 139.57500 |