USD/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 158.437 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 158.876 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 159.452 |
| Next High | 158.876 |
| Current Price | 158.03700 |
| Next Low | 157.422 |
| 2nd Low | 156.452 |
| 3rd Low | 156.293 |
158.876 – 159.452 – 158.202 – 157.422 – 157.968 – 158.1 —
157.92700 – 158.16300 —
43.396067261729 – 47.10746976637 —
– —
158.87600 – 1768492800
Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –