EUR/JPY – 30M – SELLThe combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 157.11600 is expected.
Caution: A possible change in the direction of the resistance level at 158.63300 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 157.958 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 158.63300 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.97600 |
| 2nd High | 158.89000 |
| Next High | 158.63300 |
| Current Price | 157.38700 |
| Next Low | 157.11600 |
| 2nd Low | 157.03700 |
| 3rd Low | 156.04200 |