EUR/JPY – 30M – BUYThe pair jumps from the bullish trendline downwards
A descent downwards to the next support level at 161.99400 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 163.14600 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 163.146 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 163.14600 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.59700 |
| 2nd High | 163.42700 |
| Next High | 163.14600 |
| Current Price | 162.99700 |
| Next Low | 161.99400 |
| 2nd Low | 161.84300 |
| 3rd Low | 161.00600 |