EUR/JPY – 1H – SELLThe combination jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 162.09900 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 163.59700 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 163.60300 |
| Next High | 163.59700 |
| Current Price | 162.55600 |
| Next Low | 162.09900 |
| 2nd Low | 161.90100 |
| 3rd Low | 161.00600 |