EUR/JPY – 1H – BUYBesides a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The currency pair is likely to rise.
Besides a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Current target is 183.15261 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 183.643 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.422 |
| 2nd High | 184.061 |
| Next High | 183.643 |
| Current Price | 182.94600 |
| Next Low | 182.807 |
| 2nd Low | 182.196 |
| 3rd Low | 181.565 |
183.643 – 184.061 – 184.422 – 182.807 – 183.709 – 183.534 —
183.00900 – 182.95100 —
34.989211519446 – 42.589806341504 —
– —
183.64300 – 1767664800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double bottom retreat down – – – – – – – –