USD/JPY – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 141.684 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 143.04100 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.79300 |
| 2nd High | 143.71000 |
| Next High | 143.04100 |
| Current Price | 140.59500 |
| Next Low | 139.57500 |
| 2nd Low | |
| 3rd Low |