USD/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 153.304408 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 153.86400 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 153.87600 |
| Next High | 153.86400 |
| Current Price | 152.94200 |
| Next Low | 151.78300 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |