EUR/JPY – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 162.834 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 162.87800 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.60300 |
| 2nd High | 163.59700 |
| Next High | 162.87800 |
| Current Price | 162.68400 |
| Next Low | 162.06500 |
| 2nd Low | 161.90100 |
| 3rd Low | 161.00600 |