USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline up.
An ascending movement up to the next resistance at 154.65100 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 153.27500 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 154.5265 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 154.65100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.77800 |
| 2nd High | 155.35500 |
| Next High | 154.65100 |
| Current Price | 154.07100 |
| Next Low | 153.27500 |
| 2nd Low | 152.13800 |
| 3rd Low | 151.28200 |