The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards
A descent downwards to the next support at 184.802 is certain.
Caution: A possible change in the direction of resistance at 186.012 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
Additionally a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 186.012 |
| Current Price | 186.27900 |
| Next Low | 184.802 |
| 2nd Low | 183.767 |
| 3rd Low | 183.482 |
186.012 – 185.762 – 185.436 – 184.802 – 184.818 – 183.767 —
186.14100 – 186.42000 —
65.191427252306 – 74.453291527637 —
– —
186.01200 – 1769097600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –