EUR/JPY – 1H – BUYThe combination goes from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 163.56800 is certain.
Caution: A possible trend reversal in the direction of the support level at 161.90100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.54000 |
| 2nd High | 163.86900 |
| Next High | 163.56800 |
| Current Price | 162.66800 |
| Next Low | 161.90100 |
| 2nd Low | 161.00600 |
| 3rd Low | 158.69600 |