EUR/JPY – 30M – BUYThe pair jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance at 162.75900 will persist.
Caution: A possible trend reversal in the direction of the support line at 162.33400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.94500 |
| 2nd High | 162.87800 |
| Next High | 162.75900 |
| Current Price | 162.68100 |
| Next Low | 162.33400 |
| 2nd Low | 161.84300 |
| 3rd Low | 161.00600 |