EUR/JPY – 30M – SELLThe combination moves from the bullish trendline down.
A bearish descent down to the next support level at 162.17300 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 163.60300 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 162.888 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 163.60300 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.74200 |
| Next High | 163.60300 |
| Current Price | 163.13600 |
| Next Low | 162.17300 |
| 2nd Low | 161.90100 |
| 3rd Low | 161.00600 |