EUR/JPY – 30M – SELLThe pair moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 163.93700 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 164.75400 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 164.2755 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 164.75400 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.01700 |
| 2nd High | 164.75600 |
| Next High | 164.75400 |
| Current Price | 164.37900 |
| Next Low | 163.93700 |
| 2nd Low | 163.88000 |
| 3rd Low | 163.79500 |