EUR/JPY – 1H – SELLThe currency pair Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 161.48700 is certain.
Caution: A possible change in the direction of the resistance line at 163.97400 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.09600 |
| 2nd High | 165.02900 |
| Next High | 163.97400 |
| Current Price | 164.40300 |
| Next Low | 161.48700 |
| 2nd Low | 161.00600 |
| 3rd Low | 158.69600 |