The currency pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline downwards
The bearish trend down to the next support at 172.451 is likely expected.
Caution: A possible counter-trend in the direction of resistance at is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 173.35300 |
| Next Low | 172.451 |
| 2nd Low | 171.112 |
| 3rd Low | 168.456 |
172.67 – 172.698 – 172.598 – 172.451 – 171.112 – 168.456 — 63.2050196479 – 59.042777618798 — 58.9429991048 – 73.661900296921 – 32.816558078222 – 55.766005237445
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double top retreat up – –