USD/JPY – 1H – BUYThe combination US Dollar/Japanese Yen (USD/JPY) jumps from the descending trendline up.
The bullish trend up to the next resistance line at 155.35500 is certain.
Caution: A possible change in the direction of the support level at 153.40300 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Current target is 154.118188 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 155.35500 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 156.74500 |
| Next High | 155.35500 |
| Current Price | 153.77300 |
| Next Low | 153.40300 |
| 2nd Low | 152.13800 |
| 3rd Low | 151.28200 |