EUR/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 159.371748 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support 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 | 160.12400 |
| Next Low | 159.22200 |
| 2nd Low | 158.09900 |
| 3rd Low | 157.11600 |