EUR/JPY – 30M – BUYThe combination Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 183.739 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 182.079 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 183.766 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 183.739 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.869 |
| 2nd High | 183.766 |
| Next High | 183.739 |
| Current Price | 183.55000 |
| Next Low | 182.079 |
| 2nd Low | 181.783 |
| 3rd Low | 181.565 |
183.739 – 183.572 – 183.766 – 182.079 – 183.082 – 182.57 —
183.43900 – 183.57200 —
56.204046528821 – 55.120699221038 —
– —
183.73900 – 1769677200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –