EUR/JPY – 30M – BUYThe currency pair jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 160.52300 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 159.30100 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.79500 |
| 2nd High | 161.18500 |
| Next High | 160.52300 |
| Current Price | 159.66600 |
| Next Low | 159.30100 |
| 2nd Low | 159.04000 |
| 3rd Low | 158.41700 |