EUR/JPY – 30M – BUYThe combination jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 161.15400 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 158.41700 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 | 161.15400 |
| Current Price | 161.10500 |
| Next Low | 158.41700 |
| 2nd Low | 158.33400 |
| 3rd Low | 157.11600 |