EUR/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 162.3605 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 162.63600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.87800 |
| 2nd High | 162.84900 |
| Next High | 162.63600 |
| Current Price | 162.16600 |
| Next Low | 161.84300 |
| 2nd Low | 161.00600 |
| 3rd Low | 158.69600 |