The currency pair Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 181.988 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 184.768 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator signal 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 | 186.869 |
| 2nd High | 186.232 |
| Next High | 184.768 |
| Current Price | 184.03900 |
| Next Low | 181.988 |
| 2nd Low | 180.816 |
| 3rd Low | 180.801 |
184.768 – 183.153 – 182.294 – 181.988 – 180.816 – 180.801 —
184.46900 – 184.46600 —
57.518337894684 – 56.554615173496 —
– —
184.768 – 1772049600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –