EUR/JPY – 30M – SELLThe pair jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 158.69600 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 163.49200 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 160.7955 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 163.49200 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.74200 |
| Next High | 163.49200 |
| Current Price | 162.05300 |
| Next Low | 158.69600 |
| 2nd Low | 158.36500 |
| 3rd Low | 158.09900 |