EUR/JPY – 4H – SELLThe pair Euro/Japanese Yen (EUR/JPY) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 159.80200 is considered certain.
Caution: A possible change in the direction of the resistance line at 163.79700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.02900 |
| 2nd High | 164.75300 |
| Next High | 163.79700 |
| Current Price | 163.29300 |
| Next Low | 159.80200 |
| 2nd Low | 158.64400 |
| 3rd Low | 157.86000 |