The currency pair Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline upwards
An ascending movement upwards to the next resistance at 185.956 will continue.
Caution: A possible trend reversal in the direction of support at 185.207 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 185.845746 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 185.956 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.313 |
| 2nd High | 186.03 |
| Next High | 185.956 |
| Current Price | 185.71200 |
| Next Low | 185.207 |
| 2nd Low | 185.169 |
| 3rd Low | 184.794 |
185.956 – 185.953 – 186.03 – 185.711 – 185.78 – 185.207 —
185.85200 – 185.65800 —
46.643473629755 – 39.004182264371 —
– —
185.956 – 1784280600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –