The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 184.402 will continue.
Caution: A possible trend reversal in the direction of the support line at 183.16 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 184.918 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 184.402 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.554 |
| 2nd High | 184.583 |
| Next High | 184.402 |
| Current Price | 183.60600 |
| Next Low | 183.16 |
| 2nd Low | 182.637 |
| 3rd Low | 182.282 |
184.402 – 184.583 – 187.554 – 183.16 – 182.637 – 182.282 —
184.73000 – 183.60800 —
67.889297778489 – 29.603003440902 —
– —
184.402 – 1777874400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –