USD/JPY – 1H – BUY

The pair moves from the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance level at 158.22800 will continue.

Caution: A possible counter-trend in the direction of the support level at 157.51300 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High 160.21700
2nd High 158.25300
Next High 158.22800
Current Price 157.86100
Next Low 157.51300
2nd Low 157.15400
3rd Low 156.57800

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