EUR/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 155.703072 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 156.66300 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.51000 |
| 2nd High | 157.50000 |
| Next High | 156.66300 |
| Current Price | 156.21400 |
| Next Low | 155.14800 |
| 2nd Low | 154.40400 |
| 3rd Low |