EUR/JPY – 1H – BUYThe pair breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 163.40600 is certain.
Caution: A possible change in the direction of the support zone at 162.89600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.86900 |
| 2nd High | 163.60300 |
| Next High | 163.40600 |
| Current Price | 163.55000 |
| Next Low | 162.89600 |
| 2nd Low | 162.17300 |
| 3rd Low | 161.90100 |