EUR/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 160.48848 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 161.15400 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.15400 |
| Current Price | 161.09900 |
| Next Low | 160.37400 |
| 2nd Low | 158.41700 |
| 3rd Low | 158.33400 |