EUR/JPY – 4H – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at 159.80200 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 163.79700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| 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 |