EUR/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 165.5055 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 165.89600 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.11100 |
| 2nd High | 166.09600 |
| Next High | 165.89600 |
| Current Price | 165.31200 |
| Next Low | 164.91500 |
| 2nd Low | 164.88700 |
| 3rd Low | 164.26300 |