EUR/JPY – 1H – SELLThe currency pair goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 162.09900 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 163.59700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.60300 |
| Next High | 163.59700 |
| Current Price | 162.51100 |
| Next Low | 162.09900 |
| 2nd Low | 161.90100 |
| 3rd Low | 161.00600 |