USD/JPY – 1H – BUYThe pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 158.08100 will continue.
Caution: A possible trend reversal in the direction of support at 157.50300 should always be considered.
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 will continue. Current target is 158.081 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 158.08100 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 158.08100 |
| Current Price | 157.82300 |
| Next Low | 157.50300 |
| 2nd Low | 157.05500 |
| 3rd Low | 156.88600 |