EUR/JPY – 30M – BUYThe combination moves from the bullish trendline down.
The bearish trend downwards to the next support at 157.11600 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 158.63500 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 158.389 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 158.63500 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.62200 |
| 2nd High | 158.72700 |
| Next High | 158.63500 |
| Current Price | 158.60100 |
| Next Low | 157.11600 |
| 2nd Low | 157.03700 |
| 3rd Low | 156.04200 |