EUR/JPY – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 161.99400 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 162.84900 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 162.688824 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 162.84900 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.94500 |
| 2nd High | 162.87800 |
| Next High | 162.84900 |
| Current Price | 162.77600 |
| Next Low | 161.99400 |
| 2nd Low | 161.84300 |
| 3rd Low | 161.00600 |