EUR/JPY – 30M – SELLThe currency pair goes from the ascending trendline down.
A bearish descent downwards to the next support line at 162.09900 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 162.94500 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 162.099 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 162.94500 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.59700 |
| 2nd High | 163.42700 |
| Next High | 162.94500 |
| Current Price | 162.36300 |
| Next Low | 162.09900 |
| 2nd Low | 161.90100 |
| 3rd Low | 161.00600 |