USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline downwards
A descending movement down to the next support line at 153.43900 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 154.47600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 154.476 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 154.47600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.72000 |
| 2nd High | 154.48600 |
| Next High | 154.47600 |
| Current Price | 154.00400 |
| Next Low | 153.43900 |
| 2nd Low | 153.32100 |
| 3rd Low | 151.79600 |