EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline downwards
A bearish movement down to the next support level at 162.84700 is expected.
Caution: A possible change in the direction of the resistance zone at 163.79700 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Matching Low’ candle chart pattern is detected. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.75300 |
| 2nd High | 163.92700 |
| Next High | 163.79700 |
| Current Price | 162.98300 |
| Next Low | 162.84700 |
| 2nd Low | 159.80200 |
| 3rd Low | 159.63400 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low