EUR/JPY – 30M – BUYThe pair goes from the ascending trendline down.
A descent downwards to the next support at 164.88700 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 165.83500 should be noted.
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 considered certain. Target of the current trend is 166.069 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 165.83500 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.06900 |
| 2nd High | 165.85500 |
| Next High | 165.83500 |
| Current Price | 165.83200 |
| Next Low | 164.88700 |
| 2nd Low | 164.26300 |
| 3rd Low | 163.93700 |