EUR/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 166.353 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 166.35300 could happen.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 166.35300 |
| Current Price | 165.89200 |
| Next Low | 165.01600 |
| 2nd Low | 164.88700 |
| 3rd Low | 163.93700 |