The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 183.174 is certain.
Caution: A possible change in the direction of support at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.
In addition a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.683 |
| 2nd High | 183.645 |
| Next High | 183.174 |
| Current Price | 183.17000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
183.174 – 182.725 – 182.919 – 181.866 – 182.17 – 182.296 —
183.07700 – 183.09000 —
57.524634483142 – 60.875115829724 —
– —
183.174 – 1773700200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – – – – – – – – –