USD/JPY – 1H – BUYThe pair breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 150.31900 will persist.
Caution: A possible change in the direction of the support zone at 149.23900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 149.865408 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 150.31900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 150.31900 |
| Current Price | 149.83000 |
| Next Low | 149.23900 |
| 2nd Low | 148.86600 |
| 3rd Low | 148.84600 |