EUR/JPY – 1H – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 159.57100 will persist.
Caution: A possible counter-trend in the direction of the support zone at 157.55500 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.00700 |
| 2nd High | 160.33800 |
| Next High | 159.57100 |
| Current Price | 159.18400 |
| Next Low | 157.55500 |
| 2nd Low | 156.17400 |
| 3rd Low |