EUR/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 164.756 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 164.75600 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Line Strike – Bullish’ chart pattern is found. The chart forms ‘Three Line Strike – Bullish’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.41800 |
| 2nd High | 165.02900 |
| Next High | 164.75600 |
| Current Price | 164.53400 |
| Next Low | 164.02100 |
| 2nd Low | 163.47900 |
| 3rd Low | 163.17200 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Line Strike – Bullish