EUR/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 160.1125 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 160.52300 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.79500 |
| 2nd High | 161.18500 |
| Next High | 160.52300 |
| Current Price | 160.17000 |
| Next Low | 159.22900 |
| 2nd Low | 159.04000 |
| 3rd Low | 158.41700 |