Buy USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards

A bullish movement up to the next resistance level at 154.69800 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 153.90300 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 154.894 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 154.69800 could happen.
Consider stop-loss settings accordingly.

Support & Resistance Price Range*
3rd High 155.88500
2nd High 155.26200
Next High 154.69800
Current Price 154.42600
Next Low 153.90300
2nd Low 153.27500
3rd Low 152.13800

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