EUR/JPY – 1H – SELLThe combination goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 157.03700 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 158.38900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 158.72700 |
| 2nd High | 158.63500 |
| Next High | 158.38900 |
| Current Price | 157.99200 |
| Next Low | 157.03700 |
| 2nd Low | 156.04200 |
| 3rd Low | 155.14800 |