EUR/JPY – 30M – SELLThe currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 162.33800 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 163.18100 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.79700 |
| 2nd High | 163.65900 |
| Next High | 163.18100 |
| Current Price | 162.54700 |
| Next Low | 162.33800 |
| 2nd Low | 159.80200 |
| 3rd Low | 159.63400 |