EUR/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 166.066882 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 166.11100 is within the realm of possibility.
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 | 166.35300 |
| Next High | 166.11100 |
| Current Price | 165.75900 |
| Next Low | 165.20800 |
| 2nd Low | 165.01600 |
| 3rd Low | 164.88700 |