USD/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 143.132168 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 142.54400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.79300 |
| 2nd High | 143.71000 |
| Next High | 142.54400 |
| Current Price | 142.38800 |
| Next Low | 141.24700 |
| 2nd Low | 140.70500 |
| 3rd Low |