EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 184.327 will persist.
Caution: A possible counter-trend in the direction of the support level at 183.40300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.689 |
| 2nd High | 184.611 |
| Next High | 184.327 |
| Current Price | 184.02200 |
| Next Low | 183.40300 |
| 2nd Low | 183.053 |
| 3rd Low | 182.652 |
183.761 – 183.63 – 183.319 – 183.40300 – 183.053 – 182.652 —
183.52100 – 183.85800 —
48.465583661345 – 69.494710343987 —
183.40300 – 1773187200 —
183.761 – 1773153000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – – – – – – – – –