EUR/JPY – 30M – SELLThe currency pair goes from the bullish trendline down.
A bearish descent downwards to the next support level at 158.41700 is certain.
Caution: A possible change in the direction of the resistance level at 161.18500 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 159.7595 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 161.18500 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.18500 |
| Current Price | 159.48400 |
| Next Low | 158.41700 |
| 2nd Low | 158.33400 |
| 3rd Low | 157.11600 |