EUR/JPY – 1H – SELLThe currency pair moves from the bullish trendline down.
The bearish trend downwards to the next support level at 159.85900 will continue.
Caution: A possible change in the direction of the resistance line at 161.66400 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.66400 |
| Current Price | 161.78300 |
| Next Low | 159.85900 |
| 2nd Low | 159.22900 |
| 3rd Low | 159.04000 |