USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline up.
The bullish trend up to the next resistance at 154.65100 is certain.
Caution: A possible counter-trend in the direction of the support level at 153.94800 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 154.294312 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 154.65100 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.77800 |
| 2nd High | 155.35500 |
| Next High | 154.65100 |
| Current Price | 154.07500 |
| Next Low | 153.94800 |
| 2nd Low | 153.83600 |
| 3rd Low | 153.40300 |