EUR/JPY – 30M – BUYThe pair moves from the bullish trendline downwards
A bearish trend downwards to the next support at 156.04200 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 157.10300 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 157.103 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 157.10300 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.51000 |
| 2nd High | 157.50000 |
| Next High | 157.10300 |
| Current Price | 156.93500 |
| Next Low | 156.04200 |
| 2nd Low | 155.14800 |
| 3rd Low | 154.40400 |