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 163.568 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 163.56800 is also possible.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 166.54000 |
2nd High | 163.86900 |
Next High | 163.56800 |
Current Price | 162.44000 |
Next Low | 161.00600 |
2nd Low | 158.69600 |
3rd Low | 158.36500 |