EUR/JPY – 30M – SELLThe pair moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 158.09900 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 160.90400 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 158.099 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 160.90400 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.74200 |
| 2nd High | 163.49200 |
| Next High | 160.90400 |
| Current Price | 158.68600 |
| Next Low | 158.09900 |
| 2nd Low | 157.11600 |
| 3rd Low | 157.03700 |