USD/JPY – 1H – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 147.20600 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 140.43300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 143.943 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 147.20600 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.36400 |
| 2nd High | 147.34300 |
| Next High | 147.20600 |
| Current Price | 144.41800 |
| Next Low | 140.43300 |
| 2nd Low | 140.31600 |
| 3rd Low | 139.57500 |