EUR/JPY – 1H – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.
The bearish trend down to the next support level at 172.307 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 172.906 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 173.653 |
| Next High | 172.906 |
| Current Price | 172.84000 |
| Next Low | 172.307 |
| 2nd Low | 172.13 |
| 3rd Low | 171.113 |
172.906 – 173.653 – 171.788 – 172.307 – 172.13 – 173.064 — 65.533933404271 – 61.480744003189 — 95.246046031198 – 87.896547497401 – 97.583102009841 – 93.548617842308
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom retreat down – –