EUR/JPY – 1H – BUYThe pair breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 162.79500 will continue.
Caution: A possible trend reversal in the direction of the support zone at 160.74200 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.90400 |
| 2nd High | 162.88900 |
| Next High | 162.79500 |
| Current Price | 162.15600 |
| Next Low | 160.74200 |
| 2nd Low | 159.85900 |
| 3rd Low | 159.22900 |