EUR/JPY – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 165.200724 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 166.03200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.35300 |
| 2nd High | 166.11100 |
| Next High | 166.03200 |
| Current Price | 165.48600 |
| Next Low | 165.20800 |
| 2nd Low | 165.01600 |
| 3rd Low | 164.88700 |