EUR/JPY – 1H – SELLThe pair goes from the ascending trendline down.
A descending movement downwards to the next support at 165.15300 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 166.06900 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 166.06900 |
| Current Price | 165.65900 |
| Next Low | 165.15300 |
| 2nd Low | 164.88700 |
| 3rd Low | 163.93700 |