EUR/JPY – 1H – BUYThe currency pair moves from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 166.03200 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 165.20800 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.35300 |
| 2nd High | 166.11100 |
| Next High | 166.03200 |
| Current Price | 165.71200 |
| Next Low | 165.20800 |
| 2nd Low | 165.01600 |
| 3rd Low | 164.88700 |