USD/JPY – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 145.21000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 144.10700 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.34300 |
| 2nd High | 147.20600 |
| Next High | 145.21000 |
| Current Price | 145.08100 |
| Next Low | 144.10700 |
| 2nd Low | 142.89300 |
| 3rd Low | 141.73500 |