EUR/JPY – 30M – SELLThe combination goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 154.40400 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 156.21800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 155.609 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 156.21800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.50000 |
| 2nd High | 156.62200 |
| Next High | 156.21800 |
| Current Price | 155.23500 |
| Next Low | 154.40400 |
| 2nd Low | |
| 3rd Low |