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 158.08100 is expected.
Caution: A possible reversal of the trend in the direction of support at 157.05500 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 158.081 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 158.08100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 158.08100 |
| Current Price | 157.75800 |
| Next Low | 157.05500 |
| 2nd Low | 156.88600 |
| 3rd Low | 156.46100 |