EUR/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 163.097572 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 162.54000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.17500 |
| 2nd High | 163.75200 |
| Next High | 162.54000 |
| Current Price | 162.53000 |
| Next Low | 162.01900 |
| 2nd Low | 161.83600 |
| 3rd Low | 161.15300 |
162.54000 – 163.75200 – 162.45900 – 162.01900 – 161.83600 – 161.15300