The currency pair Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 161.36600 will continue.
Caution: A possible change in the direction of the resistance level at 163.36000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 161.29675 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 163.36000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Support & Resistance | Price Range* |
---|---|
3rd High | 164.18100 |
2nd High | 163.88100 |
Next High | 163.36000 |
Current Price | 161.74500 |
Next Low | 161.36600 |
2nd Low | 160.73500 |
3rd Low | 160.73200 |
163.36000 – 162.60600 – 163.02200 – 162.06200 – 161.36600 – 161.61800