EUR/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 163.603 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 163.40600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.60300 |
| Next High | 163.40600 |
| Current Price | 163.27300 |
| Next Low | 162.89600 |
| 2nd Low | 162.17300 |
| 3rd Low | 161.90100 |