USD/JPY – 1H – BUYThe combination breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 143.04100 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 140.31600 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 142.82511 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 143.04100 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.79300 |
| 2nd High | 143.71000 |
| Next High | 143.04100 |
| Current Price | 141.77200 |
| Next Low | 140.31600 |
| 2nd Low | 139.57500 |
| 3rd Low |