USD/JPY – 30M – BUYThe currency pair breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 142.46200 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 141.22000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 141.780668 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 142.46200 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 | 142.00800 |
| Next Low | 141.22000 |
| 2nd Low | 140.31600 |
| 3rd Low | 139.57500 |