USD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 148.374844 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 148.20600 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.13500 |
| 2nd High | 148.68300 |
| Next High | 148.20600 |
| Current Price | 147.66400 |
| Next Low | 145.91400 |
| 2nd Low | 143.52700 |
| 3rd Low | 143.41900 |