USD/JPY – 1H – BUYThe combination jumps from the ascending trendline down.
A descending movement downwards to the next support at 148.23700 is certain.
Caution: A possible counter-trend in the direction of resistance at 149.57700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 149.577 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 149.57700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.25900 |
| 2nd High | 150.88700 |
| Next High | 149.57700 |
| Current Price | 148.93800 |
| Next Low | 148.23700 |
| 2nd Low | 148.00800 |
| 3rd Low | 147.34100 |