EUR/JPY – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 160.7955 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 163.49200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.54000 |
| 2nd High | 163.86900 |
| Next High | 163.49200 |
| Current Price | 161.98400 |
| Next Low | 158.69600 |
| 2nd Low | 158.36500 |
| 3rd Low | 158.09900 |