EUR/JPY – 30M – BUYThen a ‘Double bottom chart pattern’ chart formation is existing. The chart forms ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.
The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 181.726 will continue.
Caution: A possible trend reversal in the direction of the support line at 181.013 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 181.726 |
| Current Price | 181.95200 |
| Next Low | 181.013 |
| 2nd Low | 180.6 |
| 3rd Low | 179.773 |
181.726 – 180.996 – 180.288 – 181.013 – 180.6 – 179.773 —
181.20100 – 181.58700 —
49.349418402416 – 53.381572435394 —
– —
181.72600 – 1763627400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double bottom chart pattern – – – –