The pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 183.739 will continue.
Caution: A possible trend reversal in the direction of the support level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.869 |
| 2nd High | 183.766 |
| Next High | 183.739 |
| Current Price | 183.51300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
183.739 – 183.572 – 183.766 – 182.079 – 183.082 – 182.57 —
183.82600 – 183.52600 —
53.005920712831 – 39.759521012523 —
– —
183.73900 – 1769677200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double top chart pattern – – – – – – – –