EUR/JPY – 1H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 172.21600 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 171.50100 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 172.59800 |
| Next High | 172.21600 |
| Current Price | 172.09300 |
| Next Low | 171.50100 |
| 2nd Low | 170.96400 |
| 3rd Low | 169.84900 |
172.21600 – 172.59800 – 170.61000 – 171.50100 – 170.96400 – 169.84900 — 59.486315723477 – 62.64241594346 — 81.283759248483 – 99.797907750832 – 59.855026720699 – 80.745496942994
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double bottom chart pattern – –