EUR/JPY – 1H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 165.28300 will continue.
Caution: A possible trend reversal in the direction of the support line at 164.54900 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 165.28300 |
| Current Price | 165.16700 |
| Next Low | 164.54900 |
| 2nd Low | 162.87000 |
| 3rd Low | 162.79300 |
165.28300 – 164.67000 – 164.23800 – 164.54900 – 162.87000 – 162.79300
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji