EUR/JPY – 1H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline downwards
A bearish movement down to the next support level at 158.09900 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 160.33800 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Upside Tasuki Gap’ candlestick pattern is detected. The candles form ‘Upside Tasuki Gap’. 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 probability of ‘Upside Tasuki Gap’ heading up is 57% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.11200 |
| 2nd High | 162.00700 |
| Next High | 160.33800 |
| Current Price | 158.28900 |
| Next Low | 158.09900 |
| 2nd Low | 157.11600 |
| 3rd Low | 157.03700 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Upside Tasuki Gap