EUR/JPY – 1H – BUYThe combination Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline upwards
An ascending movement upwards to the next resistance line at 163.97400 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 162.26000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 162.913484 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 163.97400 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.09600 |
| 2nd High | 165.02900 |
| Next High | 163.97400 |
| Current Price | 162.73500 |
| Next Low | 162.26000 |
| 2nd Low | 161.99400 |
| 3rd Low | 161.84300 |