EUR/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 160.060876 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 163.49200 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.74200 |
| Next High | 163.49200 |
| Current Price | 159.37700 |
| Next Low | 159.00100 |
| 2nd Low | 158.41700 |
| 3rd Low | 158.33400 |