The combination Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 186.2 is considered certain.
Caution: A possible change in the direction of the support zone at 185.386 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 185.919874 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 186.2 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.948 |
| 2nd High | 187.554 |
| Next High | 186.2 |
| Current Price | 185.72900 |
| Next Low | 185.386 |
| 2nd Low | 185.179 |
| 3rd Low | 184.891 |
186.2 – 185.977 – 185.978 – 185.795 – 185.386 – 185.179 —
185.89600 – 185.70500 —
42.159914168266 – 36.754043966862 —
– —
186.2 – 1780412400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –