EUR/JPY – 4H – SELLThe pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.
A bearish descent down to the next support line at 162.79300 is likely expected.
Caution: A possible change in the direction of the resistance level at 165.21100 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 165.21100 |
| Current Price | 164.74300 |
| Next Low | 162.79300 |
| 2nd Low | 161.08200 |
| 3rd Low | 160.97900 |
164.25800 – 163.41100 – 163.38300 – 162.79300 – 162.80300 – 161.08200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Belt Hold