EUR/JPY – 30M – BUYThe pair jumps from the descending trendline upwards
The bullish trend upwards to the next resistance line at 159.65200 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 158.56100 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.74200 |
| 2nd High | 163.49200 |
| Next High | 159.65200 |
| Current Price | 159.04700 |
| Next Low | 158.56100 |
| 2nd Low | 158.41700 |
| 3rd Low | 158.33400 |