USD/JPY – 30M – BUYThe currency pair breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 154.70900 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 153.40300 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 154.055 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 154.70900 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 154.70900 |
| Current Price | 154.09600 |
| Next Low | 153.40300 |
| 2nd Low | 152.13800 |
| 3rd Low | 151.28200 |