The combination Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 184.067 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 184.439 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 185.859 |
| 2nd High | 185.084 |
| Next High | 184.439 |
| Current Price | 184.34000 |
| Next Low | 184.067 |
| 2nd Low | 183.749 |
| 3rd Low | 183.714 |
184.439 – 185.084 – 185.859 – 184.067 – 183.749 – 184.849 —
184.47400 – 184.42900 —
59.323841209467 – 55.786712011777 —
– —
184.439 – 1783008000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –