EUR/JPY – 4H – SELLThe combination Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline downwards
A bearish descent down to the next support level at 172.45100 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 172.67 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 172.698 |
| Next High | 172.67 |
| Current Price | 172.61600 |
| Next Low | 172.45100 |
| 2nd Low | 171.112 |
| 3rd Low | 168.456 |
172.67 – 172.698 – 172.598 – 172.45100 – 171.112 – 168.456 — 53.690564321954 – 48.477052920201 — 31.412925566116 – 21.133472409703 – 30.333439287823 – 27.846365957563
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – Double bottom retreat down – –