EUR/JPY – 1H – BUYThe pair breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 165.01700 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 163.79500 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 165.01700 |
| Current Price | 164.24400 |
| Next Low | 163.79500 |
| 2nd Low | 162.77200 |
| 3rd Low | 161.99400 |