EUR/JPY – 30M – SELLThe currency pair moves from the ascending trendline down.
A descending movement down to the next support level at 160.84500 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 161.66400 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.66400 |
| Current Price | 161.33500 |
| Next Low | 160.84500 |
| 2nd Low | 160.83400 |
| 3rd Low | 159.85900 |