The currency pair Euro/Japanese Yen (EUR/JPY) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 182.807 is considered certain.
Caution: A possible change in the direction of the resistance line at 183.607 could happen.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.061 |
| 2nd High | 183.643 |
| Next High | 183.607 |
| Current Price | 183.19400 |
| Next Low | 182.807 |
| 2nd Low | 182.196 |
| 3rd Low | 181.565 |
183.607 – 183.643 – 183.318 – 182.807 – 183.709 – 183.534 —
183.18200 – 183.34800 —
37.572596932513 – 58.24735163817 —
– —
183.60700 – 1767688200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –