USD/JPY – 30M – BUYThe combination breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at is certain.
Caution: A possible reversal of the trend in the direction of the support line at 150.49100 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 151.102 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 151.16200 |
| Next Low | 150.49100 |
| 2nd Low | 149.08300 |
| 3rd Low | 148.86600 |