EUR/JPY – 30M – SELLThe pair Euro/Japanese Yen (EUR/JPY) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at 163.01700 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 163.62600 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.79700 |
| 2nd High | 163.65900 |
| Next High | 163.62600 |
| Current Price | 163.46100 |
| Next Low | 163.01700 |
| 2nd Low | 162.84100 |
| 3rd Low | 162.50700 |