EUR/JPY – 1H – BUYThe pair breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 165.01700 is considered certain.
Caution: A possible trend reversal in the direction of support at 163.79500 could occur.
Consider stop-loss settings accordingly.
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 165.017 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 165.01700 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 165.01700 |
| Current Price | 164.68800 |
| Next Low | 163.79500 |
| 2nd Low | 162.77200 |
| 3rd Low | 161.99400 |