EUR/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 160.7955 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 160.90400 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.74200 |
| 2nd High | 163.49200 |
| Next High | 160.90400 |
| Current Price | 159.55900 |
| Next Low | 158.36500 |
| 2nd Low | 158.09900 |
| 3rd Low | 157.11600 |