EUR/JPY – 30M – SELLThe combination Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline downwards
The bearish trend down to the next support line at 172.488 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 173.906 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 173.906 |
| Current Price | 173.14200 |
| Next Low | 172.488 |
| 2nd Low | 171.234 |
| 3rd Low | 171.113 |
173.906 – 173.264 – 173.21 – 172.488 – 172.714 – 172.751 — 48.623940827685 – 40.252776121515 — 3.6186186186186 – 0 – 6.0716966966967 – 2.8835085085085
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Double bottom chart pattern – –