EUR/JPY – 1H – BUYThe pair moves from the bullish trendline downwards
A descent down to the next support at 162.17900 will persist.
Caution: A possible counter-trend in the direction of resistance at 162.84900 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 162.72 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 162.84900 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.59700 |
| 2nd High | 162.87800 |
| Next High | 162.84900 |
| Current Price | 162.54000 |
| Next Low | 162.17900 |
| 2nd Low | 161.84300 |
| 3rd Low | 161.00600 |