Sell EUR/JPY – 4H – SELL

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:

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