USD/JPY – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 158.068 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance line at 157.95900 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 158.08100 |
| 2nd High | 158.06800 |
| Next High | 157.95900 |
| Current Price | 157.61000 |
| Next Low | 156.23700 |
| 2nd Low | 156.01700 |
| 3rd Low | 155.94900 |