The pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 183.61000 will persist.
Caution: A possible change in the direction of the support zone at 183.215 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Tri-Star’ candle pattern is discovered. The chart shows ‘Bullish Tri-Star’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.97 |
| 2nd High | 183.683 |
| Next High | 183.61000 |
| Current Price | 183.38200 |
| Next Low | 183.215 |
| 2nd Low | 183.053 |
| 3rd Low | 182.652 |
183.61000 – 183.683 – 183.97 – 183.215 – 183.588 – 183.403 —
183.61000 – 183.47400 —
58.909839377922 – 44.931467784858 —
183.61000 – 1773345600 —
– 1773345600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Tri-Star – – – – – – – – –