EUR/JPY – 1H – BUYThe combination Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards
A descent downwards to the next support level at 160.65800 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 162.11200 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 161.983 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 162.11200 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.75300 |
| 2nd High | 162.48600 |
| Next High | 162.11200 |
| Current Price | 162.05600 |
| Next Low | 160.65800 |
| 2nd Low | 159.10300 |
| 3rd Low | 158.64400 |