EUR/JPY – 1H – SELLThe pair jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 161.84300 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 162.75900 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.59700 |
| 2nd High | 162.87800 |
| Next High | 162.75900 |
| Current Price | 162.45700 |
| Next Low | 161.84300 |
| 2nd Low | 161.00600 |
| 3rd Low | 158.69600 |