EUR/JPY – 30M – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.
A descending movement downwards to the next support at 163.79300 is expected.
Caution: A possible change in the direction of the resistance level at 164.54500 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 164.545 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 164.54500 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.89900 |
| 2nd High | 164.86400 |
| Next High | 164.54500 |
| Current Price | 164.17000 |
| Next Low | 163.79300 |
| 2nd Low | 162.60100 |
| 3rd Low | 162.48800 |