EUR/JPY – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 160.7615 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 161.66400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.66400 |
| Current Price | 161.01500 |
| Next Low | 160.84500 |
| 2nd Low | 160.83400 |
| 3rd Low | 159.85900 |