The combination Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline down.
The bearish trend downwards to the next support at 161.08200 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 165.21100 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 165.21100 |
Current Price | 163.33700 |
Next Low | 161.08200 |
2nd Low | 160.97900 |
3rd Low | 159.47200 |
163.41100 – 163.38300 – 165.21100 – 161.08200 – 162.13900 – 161.59100
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows