EUR/JPY – 30M – SELLThe currency pair goes from the bullish trendline downwards
The bearish trend downwards to the next support at 162.33400 is likely expected.
Caution: A possible change in the direction of resistance at 162.75900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 162.216824 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 162.75900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.94500 |
| 2nd High | 162.87800 |
| Next High | 162.75900 |
| Current Price | 162.40000 |
| Next Low | 162.33400 |
| 2nd Low | 161.84300 |
| 3rd Low | 161.00600 |