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 line at 162.36700 is expected.
Caution: A possible change in the direction of the resistance line at 163.11300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 162.367 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 163.11300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.80500 |
| 2nd High | 163.50600 |
| Next High | 163.11300 |
| Current Price | 162.73200 |
| Next Low | 162.36700 |
| 2nd Low | 161.62200 |
| 3rd Low | 161.38200 |