USD/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 152.5865 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 151.80100 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.48600 |
| 2nd High | 154.21600 |
| Next High | 151.80100 |
| Current Price | 151.62300 |
| Next Low | 150.45300 |
| 2nd Low | 149.08300 |
| 3rd Low | 148.86600 |