USD/JPY – 1H – BUYThe currency pair jumps from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 150.88700 is likely expected.
Caution: A possible change in the direction of support at 148.39700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 149.577 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 150.88700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 153.89200 |
| 2nd High | 151.25900 |
| Next High | 150.88700 |
| Current Price | 149.71100 |
| Next Low | 148.39700 |
| 2nd Low | 148.23700 |
| 3rd Low | 148.00800 |