The pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 184.564 will persist.
Caution: A possible change in the direction of the support level at 183.93 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Line Strike – Bullish’ candle pattern is detected. The chart forms ‘Three Line Strike – Bullish’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 185.859 |
| 2nd High | 185.084 |
| Next High | 184.564 |
| Current Price | 184.54600 |
| Next Low | 183.93 |
| 2nd Low | 183.749 |
| 3rd Low | 183.714 |
184.564 – 184.439 – 185.084 – 183.93 – 184.067 – 183.749 —
184.55800 – 184.59700 —
57.194582555151 – 56.766428357542 —
– —
184.564 – 1783067400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Line Strike – Bullish – – – – – – – – –