EUR/JPY – 30M – SELLThe combination jumps from the ascending trendline down.
A bearish trend downwards to the next support line at 161.90100 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 162.81500 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.56800 |
| 2nd High | 163.05000 |
| Next High | 162.81500 |
| Current Price | 162.58900 |
| Next Low | 161.90100 |
| 2nd Low | 161.00600 |
| 3rd Low | 158.69600 |