EUR/JPY – 4H – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
The bullish trend up to the next resistance level at is likely expected.
Caution: A possible counter-trend in the direction of the support level at 172.451 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 172.86500 |
| Next Low | 172.451 |
| 2nd Low | 171.112 |
| 3rd Low | 168.456 |
172.67 – 172.698 – 172.598 – 172.451 – 171.112 – 168.456 — 45.500672022591 – 51.176293007004 — 20.316913044281 – 32.539089844578 – 15.349857760059 – 22.117938213302
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – Double bottom chart pattern – –