EUR/JPY – 1H – BUYThe currency pair breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 158.63500 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 155.14800 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 157.961094 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 158.63500 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.62200 |
| 2nd High | 158.72700 |
| Next High | 158.63500 |
| Current Price | 157.63100 |
| Next Low | 155.14800 |
| 2nd Low | 154.40400 |
| 3rd Low |