EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 183.369 is likely expected.
Caution: A possible counter-trend in the direction of support at 182.707 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.607 |
| 2nd High | 183.381 |
| Next High | 183.369 |
| Current Price | 183.09000 |
| Next Low | 182.707 |
| 2nd Low | 182.196 |
| 3rd Low | 181.565 |
183.369 – 183.381 – 183.607 – 182.707 – 183.006 – 183.009 —
182.88500 – 183.20500 —
43.378737504977 – 54.34122272706 —
– —
183.36900 – 1767758400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Inverse Head and Shoulder chart pattern – – – – – – – –