USD/JPY – 30M – BUYThe combination breaks through the descending trendline up.
An ascent up to the next resistance level at 149.53900 is expected.
Caution: A possible counter-trend in the direction of the support level at 148.86600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 149.97700 |
| 2nd High | 149.75500 |
| Next High | 149.53900 |
| Current Price | 149.38100 |
| Next Low | 148.86600 |
| 2nd Low | 148.84600 |
| 3rd Low | 148.39700 |