EUR/JPY – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 162.4665 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 162.48600 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.02900 |
| 2nd High | 164.75300 |
| Next High | 162.48600 |
| Current Price | 161.31200 |
| Next Low | 159.90400 |
| 2nd Low | 158.69600 |
| 3rd Low | 158.36500 |