EUR/JPY – 1H – SELLThe currency pair moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 164.91500 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 166.03200 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.35300 |
| 2nd High | 166.11100 |
| Next High | 166.03200 |
| Current Price | 165.78900 |
| Next Low | 164.91500 |
| 2nd Low | 164.88700 |
| 3rd Low | 163.93700 |