EUR/JPY – 30M – BUYThe combination moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 163.05000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 162.28800 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 162.963368 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 163.05000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.74200 |
| 2nd High | 163.56800 |
| Next High | 163.05000 |
| Current Price | 162.55800 |
| Next Low | 162.28800 |
| 2nd Low | 161.00600 |
| 3rd Low | 158.69600 |