EUR/JPY – 1H – BUYThe currency pair jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 162.79500 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 157.11600 should be noted.
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 is considered certain. Target of the current trend is 159.965 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 162.79500 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.90400 |
| 2nd High | 162.88900 |
| Next High | 162.79500 |
| Current Price | 160.33200 |
| Next Low | 157.11600 |
| 2nd Low | 157.03700 |
| 3rd Low | 156.04200 |