EUR/JPY – 30M – BUYThe combination moves from the descending trendline upwards
A bullish ascent up to the next resistance level at 162.94500 will persist.
Caution: A possible counter-trend in the direction of the support zone at 162.33600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend will persist. Current target is 162.477736 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 162.94500 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.59700 |
| 2nd High | 163.42700 |
| Next High | 162.94500 |
| Current Price | 162.34800 |
| Next Low | 162.33600 |
| 2nd Low | 162.17300 |
| 3rd Low | 161.90100 |