USD/JPY – 30M – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 146.28600 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 141.73500 should be noted.
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 likely expected. Target of the current trend is 143.943 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 146.28600 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.34300 |
| 2nd High | 147.20600 |
| Next High | 146.28600 |
| Current Price | 144.33600 |
| Next Low | 141.73500 |
| 2nd Low | 140.43300 |
| 3rd Low | 140.31600 |