EUR/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 164.9745 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 165.83500 could occur.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.06900 |
| 2nd High | 165.85500 |
| Next High | 165.83500 |
| Current Price | 165.39800 |
| Next Low | 164.88700 |
| 2nd Low | 164.26300 |
| 3rd Low | 163.93700 |