EUR/JPY – 1H – SELLThe combination jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 161.84300 is certain.
Caution: A possible change in the direction of the resistance level at 162.75900 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 162.256944 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 162.75900 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.59700 |
| 2nd High | 162.87800 |
| Next High | 162.75900 |
| Current Price | 162.42400 |
| Next Low | 161.84300 |
| 2nd Low | 161.00600 |
| 3rd Low | 158.69600 |