The combination Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 182.039 is considered certain.
Caution: A possible change in the direction of the resistance line at 184.234 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.554 |
| 2nd High | 185.035 |
| Next High | 184.234 |
| Current Price | 183.94400 |
| Next Low | 182.039 |
| 2nd Low | 181.866 |
| 3rd Low | 180.816 |
184.234 – 183.9 – 185.035 – 182.039 – 183.16 – 182.637 —
184.21800 – 184.12200 —
57.93647211582 – 54.643033064262 —
– —
184.234 – 1778184000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –