EUR/JPY – 30M – SELL
The combination goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 154.40400 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 156.21800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 155.609 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 156.21800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 157.50000 |
2nd High | 156.62200 |
Next High | 156.21800 |
Current Price | 155.23500 |
Next Low | 154.40400 |
2nd Low | |
3rd Low |