USD/JPY – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 143.323166 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 143.71000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.03600 |
| 2nd High | 143.79300 |
| Next High | 143.71000 |
| Current Price | 142.63300 |
| Next Low | 140.70500 |
| 2nd Low | |
| 3rd Low |