EUR/JPY – 30M – BUYThe pair jumps from the bullish trendline downwards
A bearish descent down to the next support level at 158.09900 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 163.49200 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 160.7955 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 163.49200 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.74200 |
| Next High | 163.49200 |
| Current Price | 159.73300 |
| Next Low | 158.09900 |
| 2nd Low | 157.11600 |
| 3rd Low | 157.03700 |