EUR/JPY – 1H – BUY
The currency pair breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at is likely expected.
Caution: A possible trend reversal in the direction of support at 162.77200 could occur.
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 likely expected. Current target is 163.662 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at could occur.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | |
Current Price | 163.69700 |
Next Low | 162.77200 |
2nd Low | 161.99400 |
3rd Low | 161.84300 |