USD/JPY – 1H – BUYThe combination jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 142.46200 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 140.31600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.71000 |
| 2nd High | 143.04100 |
| Next High | 142.46200 |
| Current Price | 141.84200 |
| Next Low | 140.31600 |
| 2nd Low | 139.57500 |
| 3rd Low |