USD/JPY – 30M – BUYThe currency pair moves from the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 149.75500 is expected.
Caution: A possible counter-trend in the direction of the support zone at 148.39700 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 149.512316 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 149.75500 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.88700 |
| 2nd High | 149.97700 |
| Next High | 149.75500 |
| Current Price | 149.14100 |
| Next Low | 148.39700 |
| 2nd Low | 148.23700 |
| 3rd Low | 148.00800 |