USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 156.23900 is likely expected.
Caution: A possible change in the direction of the support level at 155.70000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 156.239 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 156.23900 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 156.23900 |
| Current Price | 155.86400 |
| Next Low | 155.70000 |
| 2nd Low | 154.33500 |
| 3rd Low | 153.40300 |