EUR/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 166.007024 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 166.35300 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
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 | 165.96300 |
| Next Low | 165.01600 |
| 2nd Low | 164.88700 |
| 3rd Low | 164.26300 |