The combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 161.48700 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 164.75300 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
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 162.322912 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 164.75300 could occur.
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 | 164.75300 |
Current Price | 162.37400 |
Next Low | 161.48700 |
2nd Low | 161.00600 |
3rd Low | 158.69600 |