The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline down.
A continuation of the downtrend down to the next support at 186.753 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 187.32 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 186.753 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 187.32 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.82 |
| 2nd High | 187.361 |
| Next High | 187.32 |
| Current Price | 186.80300 |
| Next Low | 186.753 |
| 2nd Low | 186.285 |
| 3rd Low | 186.112 |
187.32 – 187.361 – 187.329 – 186.988 – 187.025 – 186.987 —
187.01500 – 186.85100 —
34.163012231689 – 39.441269479385 —
– —
187.32 – 1776859200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –