EUR/JPY – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 158.099 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 160.90400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.49200 |
| Next High | 160.90400 |
| Current Price | 158.96800 |
| Next Low | 158.36500 |
| 2nd Low | 158.09900 |
| 3rd Low | 157.11600 |