EUR/JPY – 30M – SELLThe combination goes from the bullish trendline downwards
A bearish movement down to the next support level at 160.84500 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 161.66400 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 161.23802 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 161.66400 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.66400 |
| Current Price | 161.28500 |
| Next Low | 160.84500 |
| 2nd Low | 160.83400 |
| 3rd Low | 159.85900 |