USD/JPY – 1H – BUYThe combination jumps from the ascending trendline downwards
A descent downwards to the next support level at 151.78300 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 153.86400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 152.665 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 153.86400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 153.87600 |
| Next High | 153.86400 |
| Current Price | 152.41200 |
| Next Low | 151.78300 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |