EUR/JPY – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 165.01700 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 163.79500 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 165.01700 |
| Current Price | 164.31000 |
| Next Low | 163.79500 |
| 2nd Low | 162.77200 |
| 3rd Low | 161.99400 |