EUR/JPY – 1H – SELLThe combination moves from the ascending trendline down.
A bearish movement downwards to the next support line at 160.74200 is certain.
Caution: A possible trend reversal in the direction of resistance at 162.79500 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.90400 |
| 2nd High | 162.88900 |
| Next High | 162.79500 |
| Current Price | 162.04600 |
| Next Low | 160.74200 |
| 2nd Low | 159.85900 |
| 3rd Low | 159.22900 |