EUR/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 163.8945 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 164.48200 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.01700 |
| 2nd High | 164.75600 |
| Next High | 164.48200 |
| Current Price | 164.34900 |
| Next Low | 163.88000 |
| 2nd Low | 163.79500 |
| 3rd Low | 162.77200 |