EUR/JPY – 30M – BUYIn addition a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 184.326 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 186.869 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Belt Hold’ candle pattern is existing. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 186.869 |
| Current Price | 183.05400 |
| Next Low | 181.783 |
| 2nd Low | 181.565 |
| 3rd Low | 181.066 |
186.869 – 186.012 – 185.762 – 181.783 – 184.802 – 184.818 —
182.75100 – 183.05700 —
44.594457765518 – 54.573841020855 —
– —
186.86900 – 1769160600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – – – – – – – – –