USD/JPY – 1H – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 155.35500 will continue.
Caution: A possible trend reversal in the direction of the support line at 153.27500 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 155.01 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 155.35500 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 156.74500 |
| Next High | 155.35500 |
| Current Price | 154.73200 |
| Next Low | 153.27500 |
| 2nd Low | 152.13800 |
| 3rd Low | 151.28200 |