USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 157.91300 is expected.
Caution: A possible change in the direction of the support level at 157.50300 should be noted.
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 expected. Current target is 158.081 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 157.91300 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 158.08100 |
| Next High | 157.91300 |
| Current Price | 157.87100 |
| Next Low | 157.50300 |
| 2nd Low | 157.05500 |
| 3rd Low | 156.88600 |