The pair Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 182.807 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 183.643 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.422 |
| 2nd High | 184.061 |
| Next High | 183.643 |
| Current Price | 183.44800 |
| Next Low | 182.807 |
| 2nd Low | 182.196 |
| 3rd Low | 181.565 |
183.643 – 183.318 – 184.061 – 182.807 – 183.709 – 183.534 —
183.46600 – 183.57200 —
57.258171139347 – 58.155191506149 —
– —
183.64300 – 1767666600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –