EUR/JPY – 1H – BUYThe pair goes from the bullish trendline downwards
The bearish trend down to the next support level at 158.69600 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 163.49200 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 162.337898 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 163.49200 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.54000 |
| 2nd High | 163.86900 |
| Next High | 163.49200 |
| Current Price | 161.33100 |
| Next Low | 158.69600 |
| 2nd Low | 158.36500 |
| 3rd Low | 158.09900 |