EUR/JPY – 1H – BUYThe combination breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 159.96500 is certain.
Caution: A possible trend reversal in the direction of the support zone at 157.11600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.88900 |
| 2nd High | 162.79500 |
| Next High | 159.96500 |
| Current Price | 160.64900 |
| Next Low | 157.11600 |
| 2nd Low | 157.03700 |
| 3rd Low | 156.04200 |