USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 154.69800 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 153.90300 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 154.894 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 154.69800 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.88500 |
| 2nd High | 155.26200 |
| Next High | 154.69800 |
| Current Price | 154.42600 |
| Next Low | 153.90300 |
| 2nd Low | 153.27500 |
| 3rd Low | 152.13800 |