USD/JPY – 1H – BUYThe pair breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 150.31900 will persist.
Caution: A possible counter-trend in the direction of the support level at 149.08300 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 150.319 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 150.31900 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 150.31900 |
| Current Price | 150.23300 |
| Next Low | 149.08300 |
| 2nd Low | 148.86600 |
| 3rd Low | 148.84600 |