USD/JPY – 30M – BUYThe pair moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 153.86400 is expected.
Caution: A possible change in the direction of the support zone at 151.78300 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 152.8295 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 153.86400 is within the realm of possibility.
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 | 152.69700 |
| Next Low | 151.78300 |
| 2nd Low | 151.69400 |
| 3rd Low | 151.45400 |