USD/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 155.2905 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 155.13900 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.74500 |
| 2nd High | 155.77800 |
| Next High | 155.13900 |
| Current Price | 154.69200 |
| Next Low | 153.83600 |
| 2nd Low | 153.40300 |
| 3rd Low | 152.13800 |