EUR/JPY – 1H – SELLThe combination goes from the ascending trendline down.
A bearish descent downwards to the next support line at 157.11600 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 159.96500 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 159.96500 |
| Current Price | 158.91000 |
| Next Low | 157.11600 |
| 2nd Low | 157.03700 |
| 3rd Low | 156.04200 |