EUR/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 161.549 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 161.54900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.11200 |
| 2nd High | 162.00700 |
| Next High | 161.54900 |
| Current Price | 161.20700 |
| Next Low | 159.63400 |
| 2nd Low | 159.10300 |
| 3rd Low | 158.64400 |