EUR/JPY – 1H – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 162.79500 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 160.74200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.90400 |
| 2nd High | 162.88900 |
| Next High | 162.79500 |
| Current Price | 162.23300 |
| Next Low | 160.74200 |
| 2nd Low | 159.85900 |
| 3rd Low | 159.22900 |