The pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 182.919 will continue.
Caution: A possible counter-trend in the direction of the support level at 182.296 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochOSC Bullish Divergence’ indicator signal is discovered. The indicator is ‘StochOSC Bullish Divergence’. chart signal.
And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
And also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.683 |
| 2nd High | 183.645 |
| Next High | 182.919 |
| Current Price | 182.34300 |
| Next Low | 182.296 |
| 2nd Low | 182.112 |
| 3rd Low | 182.024 |
182.919 – 183.645 – 183.61 – 182.296 – 183.253 – 183.215 —
182.64000 – 182.26400 —
39.28332428186 – 27.920440085721 —
– —
182.919 – 1773417600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –