FX.co ★ The Faster | EUR/JPY

H4 Time Frame The trend in the market is changing and it is necessary to focus on the growth of the exchange rate. I have already recorded all my sales. When we manage to break through the trading range at 161.05 and consolidate below it, this will be a signal to sell more. Today it has not yet been possible to break below the range of 160.70, which means there is support there. The fall continues and we may approach the range of 162.75. Trading in the range of 162.75 is still resistance and after the test, the fall may continue. For the qualitative decline to continue, it is necessary to break through the range of 161.70. There is a trade in the range of 161.15 and from there, the strengthening continues. A false breakout of the 161.70 range is allowed and after such a breakout, the fall will continue. The set of sales is still ongoing and it may be possible to break through the range of 160.00. So far it turns out that in the range of 161.05 there is a trade that needs to be broken through in order for the rate to continue to fall. From the trading range at 161.35, the fall continues to this day. If the price still manages to consolidate above the range of 162.75, then this will be a signal for continued growth of the rate. It may be possible to consolidate above the range of 162.75; in this case, it would be best to focus on reaching the range of 163.00.