The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline upwards
A bullish movement upwards to the next resistance level at 182.169 will continue.
Caution: A possible trend reversal in the direction of the support level at 181.12 could happen.
Consider stop-loss settings accordingly.
Moreover a ” indicator layout is found. The indicator shows ”. this is usually a bullish chart signal. The pair is likely to go up.
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Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 182.532 |
| 2nd High | 182.294 |
| Next High | 182.169 |
| Current Price | 181.16100 |
| Next Low | 181.12 |
| 2nd Low | 180.801 |
| 3rd Low | 180.49 |
182.169 – 182.004 – 182.294 – 181.695 – 181.12 – 181.241 —
181.50900 – 181.19100 —
36.829565880232 – 30.70461826474 —
– —
182.169 – 1771291800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Head and Shoulder chart pattern – – – – – – – –