EUR/JPY – 30M – BUYThe currency pair goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 160.84500 will continue.
Caution: A possible counter-trend in the direction of resistance at 161.66400 could occur.
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 161.664 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 161.66400 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.66400 |
| Current Price | 161.52900 |
| Next Low | 160.84500 |
| 2nd Low | 160.83400 |
| 3rd Low | 159.85900 |