EUR/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 164.436434 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 165.02900 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.89600 |
| 2nd High | 165.41800 |
| Next High | 165.02900 |
| Current Price | 163.87600 |
| Next Low | 162.26000 |
| 2nd Low | 161.99400 |
| 3rd Low | 161.84300 |