EUR/JPY – 30M – SELLThe currency pair moves from the ascending trendline down.
A bearish descent downwards to the next support level at 162.89600 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 163.42700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.60300 |
| 2nd High | 163.59700 |
| Next High | 163.42700 |
| Current Price | 163.08500 |
| Next Low | 162.89600 |
| 2nd Low | 162.17300 |
| 3rd Low | 161.90100 |