EUR/JPY – 1H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 166.06900 will persist.
Caution: A possible counter-trend in the direction of the support level at 164.88700 is also possible.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 166.06900 |
| Current Price | 165.95500 |
| Next Low | 164.88700 |
| 2nd Low | 163.93700 |
| 3rd Low | 163.79500 |