EUR/JPY – 1H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 165.01700 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 163.93700 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 165.01700 |
| Current Price | 165.11300 |
| Next Low | 163.93700 |
| 2nd Low | 163.79500 |
| 3rd Low | 162.77200 |