USD/JPY – 30M – BUYThe combination breaks through the descending trendline up.
A bullish trend up to the next resistance level at 152.27300 is certain.
Caution: A possible trend reversal in the direction of the support zone at 151.53100 is also possible.
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 certain. Target of the current trend is 152.6975 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 152.27300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 153.86400 |
| 2nd High | 153.08900 |
| Next High | 152.27300 |
| Current Price | 152.14400 |
| Next Low | 151.53100 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |