EUR/JPY – 1H – SELLThe combination moves from the ascending trendline down.
A bearish movement down to the next support at 158.41700 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 161.15400 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.15400 |
| Current Price | 160.67300 |
| Next Low | 158.41700 |
| 2nd Low | 157.11600 |
| 3rd Low | 157.03700 |