The combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 164.54900 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 165.16600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 165.28300 |
| Next High | 165.16600 |
| Current Price | 164.85500 |
| Next Low | 164.54900 |
| 2nd Low | 164.33800 |
| 3rd Low | 164.15600 |
165.16600 – 165.28300 – 164.77900 – 164.54900 – 164.33800 – 164.15600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down