EUR/JPY – 30M – BUYThe currency pair goes from the ascending trendline down.
A bearish descent down to the next support level at 164.29600 is likely expected.
Caution: A possible change in the direction of resistance at 164.75600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 165.017 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 164.75600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 165.01700 |
| Next High | 164.75600 |
| Current Price | 164.39700 |
| Next Low | 164.29600 |
| 2nd Low | 162.77200 |
| 3rd Low | 161.99400 |