EUR/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 162.256944 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 162.87800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.42700 |
| 2nd High | 162.94500 |
| Next High | 162.87800 |
| Current Price | 162.65200 |
| Next Low | 161.84300 |
| 2nd Low | 161.00600 |
| 3rd Low | 158.69600 |