USD/JPY – 30M – BUYThe pair moves from the bearish trendline up.
An ascending movement upwards to the next resistance line at 150.15200 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 149.23900 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Current target is 149.393878 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 150.15200 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 150.31900 |
| Next High | 150.15200 |
| Current Price | 149.26500 |
| Next Low | 149.23900 |
| 2nd Low | 149.14200 |
| 3rd Low | 148.86600 |