USD/JPY – 1H – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.
A bullish movement up to the next resistance at 150.69700 will persist.
Caution: A possible reversal of the trend in the direction of support at 149.35800 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 150.616176 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 150.69700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.94800 |
| 2nd High | 151.22600 |
| Next High | 150.69700 |
| Current Price | 150.13800 |
| Next Low | 149.35800 |
| 2nd Low | 148.64200 |
| 3rd Low | 148.39700 |