EUR/JPY – 1H – SELLThe combination goes from the ascending trendline downwards
The bearish trend down to the next support level at 157.11600 is considered certain.
Caution: A possible change in the direction of the resistance line at 159.96500 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 159.96500 |
| Current Price | 158.88100 |
| Next Low | 157.11600 |
| 2nd Low | 157.03700 |
| 3rd Low | 156.04200 |