EUR/JPY – 1H – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 165.02900 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 162.26000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.11100 |
| 2nd High | 166.09600 |
| Next High | 165.02900 |
| Current Price | 163.89600 |
| Next Low | 162.26000 |
| 2nd Low | 161.99400 |
| 3rd Low | 161.84300 |