EUR/JPY – 1H – SELL
The combination jumps from the bullish trendline down.
The bearish trend downwards to the next support level at 162.38500 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 163.60300 could happen.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 166.54000 |
2nd High | 163.86900 |
Next High | 163.60300 |
Current Price | 162.30700 |
Next Low | 162.38500 |
2nd Low | 161.90100 |
3rd Low | 161.00600 |