EUR/JPY – 30M – BUYThe pair jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 162.77200 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 163.662 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 163.70000 |
| Next Low | 162.77200 |
| 2nd Low | 161.99400 |
| 3rd Low | 161.84300 |