EUR/JPY – 30M – SELLThe pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards
The bearish trend down to the next support line at is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 163.01500 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.51800 |
| 2nd High | 164.01600 |
| Next High | 163.01500 |
| Current Price | 162.61300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
163.01500 – 162.48500 – 162.94800 – 162.37800 – 161.59100 – 162.37600