EUR/JPY – 1H – SELLThe combination Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 163.62700 is likely expected.
Caution: A possible change in the direction of the resistance zone at 164.79500 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 163.885748 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 164.79500 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.11100 |
| 2nd High | 166.09600 |
| Next High | 164.79500 |
| Current Price | 164.48100 |
| Next Low | 163.62700 |
| 2nd Low | 163.23800 |
| 3rd Low | 163.20300 |