EUR/JPY – 1H – BUYThe currency pair moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 161.18500 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 159.04000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.18500 |
| Current Price | 159.54300 |
| Next Low | 159.04000 |
| 2nd Low | 158.41700 |
| 3rd Low | 157.11600 |