USD/JPY – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 147.20600 will persist.
Caution: A possible change in the direction of the support level at 142.89300 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 144.679 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 147.20600 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.36400 |
| 2nd High | 147.34300 |
| Next High | 147.20600 |
| Current Price | 144.83100 |
| Next Low | 142.89300 |
| 2nd Low | 141.73500 |
| 3rd Low | 140.43300 |