EUR/JPY – 30M – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 159.24900 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 160.12300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.00700 |
| 2nd High | 160.70500 |
| Next High | 160.12300 |
| Current Price | 159.85000 |
| Next Low | 159.24900 |
| 2nd Low | 159.09000 |
| 3rd Low | 158.69600 |