EUR/JPY – 30M – SELLThe currency pair moves from the ascending trendline down.
A descending movement downwards to the next support line at 162.17900 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 162.75900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 162.216824 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 162.75900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.94500 |
| 2nd High | 162.87800 |
| Next High | 162.75900 |
| Current Price | 162.42400 |
| Next Low | 162.17900 |
| 2nd Low | 161.84300 |
| 3rd Low | 161.00600 |