EUR/JPY – 30M – SELLThe combination goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 162.44600 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 162.81500 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 162.287 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 162.81500 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.56800 |
| 2nd High | 163.05000 |
| Next High | 162.81500 |
| Current Price | 162.73400 |
| Next Low | 162.44600 |
| 2nd Low | 161.90100 |
| 3rd Low | 161.00600 |