EUR/JPY – 1H – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline downwards

The bearish trend downwards to the next support level at 165.37800 will persist.

Caution: A possible trend reversal in the direction of resistance at 166.42200 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 165.583728 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 166.42200 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

166.42200 – 165.45600 – 165.28300 – 165.37800 – 164.62100 – 164.54900

Trading Signals: FOREX – EUR – EUR/JPY – JPY –