USD/JPY – 30M – BUYNext a ‘Double bottom chart pattern’ chart layout is found. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 145.287 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 145.28700 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.11900 |
| 2nd High | 146.28400 |
| Next High | 145.28700 |
| Current Price | 145.16500 |
| Next Low | 144.65000 |
| 2nd Low | 144.44000 |
| 3rd Low | 144.42200 |
145.15800 – 145.04400 – 145.28700 – 144.65000 – 144.44000 – 144.42200