EUR/JPY – 30M – SELLThe currency pair moves from the ascending trendline downwards
A bearish movement down to the next support at 162.81800 is certain.
Caution: A possible change in the direction of the resistance zone at 163.66200 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 162.828 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 163.66200 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 163.66200 |
| Current Price | 163.23600 |
| Next Low | 162.81800 |
| 2nd Low | 161.99400 |
| 3rd Low | 161.84300 |