The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 182.367 will continue.
Caution: A possible counter-trend in the direction of resistance at 183.261 could happen.
Consider stop-loss settings accordingly.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.611 |
| 2nd High | 184.327 |
| Next High | 183.261 |
| Current Price | 182.60000 |
| Next Low | 182.367 |
| 2nd Low | 182.355 |
| 3rd Low | 182.112 |
183.261 – 183.087 – 183.123 – 182.367 – 182.355 – 182.112 —
183.16900 – 182.82000 —
62.170933289123 – 46.128893534823 —
– —
183.261 – 1772785800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –