EUR/JPY – 1H – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.
The bearish trend down to the next support level at 172.04900 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 172.67500 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 172.67500 |
| Current Price | 172.08200 |
| Next Low | 172.04900 |
| 2nd Low | 171.50100 |
| 3rd Low | 170.96400 |
172.67500 – 172.21600 – 172.59800 – 172.04900 – 171.50100 – 170.96400 — 48.527350165103 – 41.543486346273 — 31.238133481385 – 24.172807925268 – 19.008362066442 – 24.710856189492
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double top chart pattern – –