EUR/JPY – 1H – SELLThe currency pair jumps from the ascending trendline downwards
A descent downwards to the next support at 163.79500 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 165.01700 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 165.01700 |
| Current Price | 164.25900 |
| Next Low | 163.79500 |
| 2nd Low | 162.77200 |
| 3rd Low | 161.99400 |