EUR/JPY – 1H – SELLThe pair Euro/Euro (EUR/EUR) jumps from the bullish trendline downwards
A bearish descent down to the next support level at 163.23800 is certain.
Caution: A possible trend reversal in the direction of resistance at 164.02300 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 163.885748 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 164.02300 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.09600 |
| 2nd High | 164.65100 |
| Next High | 164.02300 |
| Current Price | 163.89600 |
| Next Low | 163.23800 |
| 2nd Low | 163.20300 |
| 3rd Low | 162.77200 |