USD/JPY – 1H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 149.80400 will continue.
Caution: A possible change in the direction of the support line at 148.86600 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 149.977 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 149.80400 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 149.97700 |
| Next High | 149.80400 |
| Current Price | 149.77000 |
| Next Low | 148.86600 |
| 2nd Low | 148.84600 |
| 3rd Low | 148.39700 |