Then a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline down.
The bearish trend down to the next support at 185.207 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 186.03 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.554 |
| 2nd High | 186.315 |
| Next High | 186.03 |
| Current Price | 185.52800 |
| Next Low | 185.207 |
| 2nd Low | 184.763 |
| 3rd Low | 184.321 |
186.03 – 186 – 185.617 – 185.207 – 184.763 – 184.321 —
185.95300 – 185.82200 —
52.951443378395 – 50.372448249192 —
– —
186.03 – 1784214000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –