USD/JPY – 30M – BUYThe currency pair moves from the bullish trendline down.
The bearish trend downwards to the next support at 148.39700 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 149.57700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 149.206716 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 149.57700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.88700 |
| 2nd High | 149.77400 |
| Next High | 149.57700 |
| Current Price | 148.93800 |
| Next Low | 148.39700 |
| 2nd Low | 148.23700 |
| 3rd Low | 148.00800 |