EUR/JPY – 1H – BUYThe pair breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 163.40600 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 162.17300 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 163.603 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 163.40600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.60300 |
| Next High | 163.40600 |
| Current Price | 163.14400 |
| Next Low | 162.17300 |
| 2nd Low | 161.90100 |
| 3rd Low | 161.00600 |