EUR/JPY – 30M – SELLThe combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 161.68600 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 162.09700 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.80100 |
| 2nd High | 162.63200 |
| Next High | 162.09700 |
| Current Price | 161.95900 |
| Next Low | 161.68600 |
| 2nd Low | 161.23900 |
| 3rd Low | 160.94900 |
162.09700 – 162.01500 – 162.63200 – 161.68600 – 161.69400 – 161.23900