EUR/JPY – 1H – BUYThe combination Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 158.63300 will continue.
Caution: A possible change in the direction of the support level at 158.09900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.33800 |
| 2nd High | 158.89000 |
| Next High | 158.63300 |
| Current Price | 156.97500 |
| Next Low | 158.09900 |
| 2nd Low | 157.11600 |
| 3rd Low | 157.03700 |