EUR/JPY – 1H – SELLThe currency pair Euro/Japanese Yen (EUR/JPY) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 162.26000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 165.02900 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.11100 |
| 2nd High | 166.09600 |
| Next High | 165.02900 |
| Current Price | 163.61000 |
| Next Low | 162.26000 |
| 2nd Low | 161.99400 |
| 3rd Low | 161.84300 |