EUR/JPY – 30M – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.
A descent downwards to the next support level at 158.64400 is expected.
Caution: A possible change in the direction of the resistance zone at 159.98800 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 159.543856 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 159.98800 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.33800 |
| 2nd High | 160.06400 |
| Next High | 159.98800 |
| Current Price | 159.92800 |
| Next Low | 158.64400 |
| 2nd Low | 157.86000 |
| 3rd Low | 157.55500 |