EUR/JPY – 1H – BUY
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 161.185 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 161.18500 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 162.88900 |
2nd High | 162.79500 |
Next High | 161.18500 |
Current Price | 160.50400 |
Next Low | 159.22900 |
2nd Low | 159.04000 |
3rd Low | 158.41700 |