EUR/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 157.0455 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 157.50000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 158.63500 |
| 2nd High | 157.51000 |
| Next High | 157.50000 |
| Current Price | 156.29500 |
| Next Low | 155.45600 |
| 2nd Low | 154.40400 |
| 3rd Low |