EUR/JPY – 1H – SELLThe pair jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 162.17900 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 162.84900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.59700 |
| 2nd High | 162.87800 |
| Next High | 162.84900 |
| Current Price | 162.64800 |
| Next Low | 162.17900 |
| 2nd Low | 161.84300 |
| 3rd Low | 161.00600 |