EUR/JPY – 4H – SELLThe combination Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.
A descending movement downwards to the next support level at 171.112 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 172.81900 |
| Next Low | 171.112 |
| 2nd Low | 168.456 |
| 3rd Low | 167.907 |
172.67 – 172.698 – 172.598 – 171.112 – 168.456 – 167.907 — 68.684066778702 – 57.619665743615 — 71.183882818147 – 59.537104775188 – 69.633539355792 – 67.888027041015
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – Triple bottom chart pattern – –