EUR/JPY – 1H – BUYThe pair goes from the ascending trendline downwards
A descent downwards to the next support at 159.85900 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 161.66400 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 160.352 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 161.66400 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.66400 |
| Current Price | 159.88100 |
| Next Low | 159.85900 |
| 2nd Low | 159.22900 |
| 3rd Low | 159.04000 |