EUR/JPY – 30M – SELLThe combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 162.01500 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.80100 |
| 2nd High | 162.63200 |
| Next High | 162.01500 |
| Current Price | 161.84300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
162.01500 – 162.63200 – 162.26200 – 161.23900 – 161.49400 – 161.38000