EUR/JPY – 30M – BUYThe pair moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 162.06500 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 162.87800 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 162.831 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 162.87800 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.42700 |
| 2nd High | 162.94500 |
| Next High | 162.87800 |
| Current Price | 162.57200 |
| Next Low | 162.06500 |
| 2nd Low | 161.90100 |
| 3rd Low | 161.00600 |