EUR/JPY – 30M – SELLThe combination moves from the ascending trendline down.
A descent downwards to the next support line at 157.03700 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 158.03100 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 156.7685 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 158.03100 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 158.63500 |
| 2nd High | 158.38900 |
| Next High | 158.03100 |
| Current Price | 157.34600 |
| Next Low | 157.03700 |
| 2nd Low | 156.04200 |
| 3rd Low | 155.14800 |