EUR/JPY – 1H – BUYThe currency pair breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 160.90400 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 158.36500 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.49200 |
| Next High | 160.90400 |
| Current Price | 160.25800 |
| Next Low | 158.36500 |
| 2nd Low | 158.09900 |
| 3rd Low | 157.11600 |