EUR/JPY – 30M – SELLThe currency pair jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 158.41700 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 161.15400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.15400 |
| Current Price | 160.62000 |
| Next Low | 158.41700 |
| 2nd Low | 158.33400 |
| 3rd Low | 157.11600 |