USD/JPY – 30M – BUYThe combination breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance at 153.08900 is certain.
Caution: A possible counter-trend in the direction of the support line at 151.53100 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 153.364738 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 153.08900 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 153.87600 |
| 2nd High | 153.86400 |
| Next High | 153.08900 |
| Current Price | 152.95800 |
| Next Low | 151.53100 |
| 2nd Low | 151.45400 |
| 3rd Low | 150.60100 |