The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 182.788 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 184.031 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.451 |
| 2nd High | 184.402 |
| Next High | 184.031 |
| Current Price | 183.66900 |
| Next Low | 182.788 |
| 2nd Low | 182.637 |
| 3rd Low | 182.282 |
184.031 – 184.402 – 184.451 – 182.788 – 182.637 – 182.282 —
183.86400 – 183.85500 —
46.186952820356 – 49.564925712875 —
– —
184.031 – 1777908600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –