USD/JPY – 30M – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 146.28600 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 144.50700 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 145.21 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 146.28600 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.34300 |
| 2nd High | 147.20600 |
| Next High | 146.28600 |
| Current Price | 145.49800 |
| Next Low | 144.50700 |
| 2nd Low | 144.10700 |
| 3rd Low | 143.85600 |