USD/JPY – 1H – BUYThe currency pair jumps from the bullish trendline down.
A descending movement downwards to the next support level at 148.00800 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 149.36400 should always be considered.
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 is considered certain. Target of the current trend is 149.135 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 149.36400 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.25900 |
| 2nd High | 150.88700 |
| Next High | 149.36400 |
| Current Price | 149.22900 |
| Next Low | 148.00800 |
| 2nd Low | 147.34100 |
| 3rd Low | 145.91400 |