The combination Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 183.766 is considered certain.
Caution: A possible counter-trend in the direction of the support level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 186.869 |
| Next High | 183.766 |
| Current Price | 183.38500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
183.766 – 183.685 – 186.869 – 182.761 – 182.099 – 181.783 —
182.70100 – 183.52600 —
34.937006333584 – 62.841728397491 —
– —
183.76600 – 1769553000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Inverse Head and Shoulder chart pattern – – – – – – – –