EUR/JPY – 30M – SELLThe currency pair moves from the ascending trendline down.
A descent downwards to the next support at 165.33100 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 166.03200 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.35300 |
| 2nd High | 166.11100 |
| Next High | 166.03200 |
| Current Price | 165.42500 |
| Next Low | 165.33100 |
| 2nd Low | 165.20800 |
| 3rd Low | 165.01600 |