USD/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 152.63068 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 153.86400 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
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 | 152.37700 |
| Next Low | 152.24600 |
| 2nd Low | 151.69400 |
| 3rd Low | 151.45400 |