EUR/JPY – 1H – BUYThe pair goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 165.15300 is expected.
Caution: A possible change in the direction of the resistance zone at 166.06900 should be noted.
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 expected. Current target is 166.069 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 166.06900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 166.06900 |
| Current Price | 165.73300 |
| Next Low | 165.15300 |
| 2nd Low | 164.88700 |
| 3rd Low | 163.93700 |