EUR/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 161.185 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 161.10100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.79500 |
| 2nd High | 161.18500 |
| Next High | 161.10100 |
| Current Price | 160.90300 |
| Next Low | 159.85900 |
| 2nd Low | 159.22900 |
| 3rd Low | 159.04000 |