EUR/JPY – 1H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline upwards
An ascending movement upwards to the next resistance level at 163.31300 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 162.44600 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish SBS White Lines’ candle chart pattern is discovered. The chart shows ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.02900 |
| 2nd High | 164.89900 |
| Next High | 163.31300 |
| Current Price | 162.46500 |
| Next Low | 162.44600 |
| 2nd Low | 162.33800 |
| 3rd Low | 159.80200 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish SBS White Lines