USD/JPY – 30M – BUYThe pair breaks through the bearish trendline up.
An ascending movement upwards to the next resistance at 143.04100 will persist.
Caution: A possible reversal of the trend in the direction of support at 140.43300 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 142.462 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 143.04100 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.79300 |
| 2nd High | 143.71000 |
| Next High | 143.04100 |
| Current Price | 142.70000 |
| Next Low | 140.43300 |
| 2nd Low | 140.31600 |
| 3rd Low | 139.57500 |