EUR/JPY – 1H – SELLThe combination moves from the bearish trendline down.
A continuation of the downtrend down to the next support at 162.89600 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 163.59700 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 162.752 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 163.59700 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.60300 |
| Next High | 163.59700 |
| Current Price | 163.08200 |
| Next Low | 162.89600 |
| 2nd Low | 162.17300 |
| 3rd Low | 161.90100 |