The currency pair goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 158.09900 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 163.49200 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 159.371748 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 163.49200 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance |
Price Range* |
3rd High |
166.54000 |
2nd High |
163.86900 |
Next High |
163.49200 |
Current Price |
160.24000 |
Next Low |
158.09900 |
2nd Low |
157.11600 |
3rd Low |
157.03700 |
Download EUR/JPY Signal Image
Trading Signals: FOREX – EUR – EUR/JPY – JPY