EUR/JPY – 30M – BUYThe combination goes from the bullish trendline downwards
A descent down to the next support level at 156.04200 is considered certain.
Caution: A possible change in the direction of resistance at 158.38900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
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 158.389 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 158.38900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 158.72700 |
| 2nd High | 158.63500 |
| Next High | 158.38900 |
| Current Price | 157.92300 |
| Next Low | 156.04200 |
| 2nd Low | 155.14800 |
| 3rd Low | 154.40400 |