EUR/JPY – 30M – SELLThe combination moves from the ascending trendline down.
The bearish trend down to the next support at 161.48800 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 162.35400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.49200 |
| 2nd High | 162.48900 |
| Next High | 162.35400 |
| Current Price | 161.49300 |
| Next Low | 161.48800 |
| 2nd Low | 161.36800 |
| 3rd Low | 158.69600 |