EUR/JPY – 30M – BUYThe pair goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 163.42700 will persist.
Caution: A possible change in the direction of the support level at 162.17300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 162.885 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 163.42700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.60300 |
| 2nd High | 163.59700 |
| Next High | 163.42700 |
| Current Price | 162.77000 |
| Next Low | 162.17300 |
| 2nd Low | 161.90100 |
| 3rd Low | 161.00600 |