The pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance at is expected.
Caution: A possible change in the direction of the support level at 184.802 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 185.95500 |
| Next Low | 184.802 |
| 2nd Low | 183.767 |
| 3rd Low | 183.482 |
185.762 – 185.436 – 185.438 – 184.802 – 184.818 – 183.767 —
185.96000 – 185.93900 —
74.619826444592 – 65.016472242947 —
– —
185.76200 – 1769074200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double bottom chart pattern – – – – – – – –