EUR/JPY – 1H – BUYThe combination moves from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 161.15400 will continue.
Caution: A possible counter-trend in the direction of the support line at 158.41700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 161.15400 |
| Current Price | 161.13100 |
| Next Low | 158.41700 |
| 2nd Low | 157.11600 |
| 3rd Low | 157.03700 |