EUR/JPY – 30M – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 160.68900 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 158.64400 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.00700 |
| 2nd High | 160.70500 |
| Next High | 160.68900 |
| Current Price | 160.07000 |
| Next Low | 158.64400 |
| 2nd Low | 157.86000 |
| 3rd Low | 157.55500 |