EUR/JPY – 1H – SELLThe pair goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 159.85900 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 161.66400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.66400 |
| Current Price | 160.79700 |
| Next Low | 159.85900 |
| 2nd Low | 159.22900 |
| 3rd Low | 159.04000 |