EUR/JPY – 4H – SELLThe 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