EUR/JPY – 1H – SELLThe currency pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline down.
The bearish trend down to the next support level at 158.69600 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 164.75300 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 161.487 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 164.75300 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.09600 |
| 2nd High | 165.02900 |
| Next High | 164.75300 |
| Current Price | 160.70200 |
| Next Low | 158.69600 |
| 2nd Low | 158.36500 |
| 3rd Low | 158.09900 |