EUR/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 160.064 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 160.06400 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish SBS White Lines’ candle chart pattern is discovered. The candles form ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.70500 |
| 2nd High | 160.33800 |
| Next High | 160.06400 |
| Current Price | 159.76100 |
| Next Low | 159.36800 |
| 2nd Low | 157.86000 |
| 3rd Low | 157.55500 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish SBS White Lines