EUR/JPY – 1H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.
A bearish trend down to the next support line at 159.36800 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 160.33800 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 160.064 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 160.33800 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.11200 |
| 2nd High | 162.00700 |
| Next High | 160.33800 |
| Current Price | 160.22700 |
| Next Low | 159.36800 |
| 2nd Low | 157.86000 |
| 3rd Low | 157.55500 |