EUR/JPY – 1H – BUYThe combination Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 169.39500 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 168.55300 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 169.71100 |
| Next High | 169.39500 |
| Current Price | 169.02600 |
| Next Low | 168.55300 |
| 2nd Low | 167.90700 |
| 3rd Low | 166.02800 |
169.39500 – 169.71100 – 167.31300 – 168.55300 – 167.90700 – 166.02800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing – Double bottom chart pattern