EUR/JPY – 30M – BUYThe pair moves from the bullish trendline downwards
A descent downwards to the next support at 163.93700 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 164.78700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 164.552888 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 164.78700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 165.01700 |
| Next High | 164.78700 |
| Current Price | 164.46700 |
| Next Low | 163.93700 |
| 2nd Low | 163.88000 |
| 3rd Low | 163.79500 |