EUR/JPY – 30M – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 159.00100 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 163.49200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.74200 |
| Next High | 163.49200 |
| Current Price | 158.69300 |
| Next Low | 159.00100 |
| 2nd Low | 158.41700 |
| 3rd Low | 158.33400 |