EUR/JPY – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 165.5055 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 166.09600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.35300 |
| 2nd High | 166.11100 |
| Next High | 166.09600 |
| Current Price | 165.59800 |
| Next Low | 164.91500 |
| 2nd Low | 164.88700 |
| 3rd Low | 164.26300 |