USD/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 142.3705 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 143.71000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.03600 |
| 2nd High | 143.79300 |
| Next High | 143.71000 |
| Current Price | 141.92700 |
| Next Low | 140.70500 |
| 2nd Low | |
| 3rd Low |