EUR/JPY – 1H – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 161.54900 will persist.
Caution: A possible trend reversal in the direction of the support line at 159.10300 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 161.549 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 161.54900 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.11200 |
| 2nd High | 162.00700 |
| Next High | 161.54900 |
| Current Price | 161.27300 |
| Next Low | 159.10300 |
| 2nd Low | 158.64400 |
| 3rd Low | 157.86000 |