EUR/JPY – 1H – SELLThe combination Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at will persist.
Caution: A possible trend reversal in the direction of the resistance line at 183.643 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.422 |
| 2nd High | 184.061 |
| Next High | 183.643 |
| Current Price | 183.02200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
183.643 – 184.061 – 184.422 – 182.707 – 182.807 – 183.709 —
182.95100 – 183.13100 —
42.589804786027 – 52.008927140962 —
– —
183.64300 – 1767664800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –