EUR/JPY – 1H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 181.787 is certain.
Caution: A possible change in the direction of the support level at 180.816 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ chart pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 182.294 |
| 2nd High | 182.169 |
| Next High | 181.787 |
| Current Price | 181.86200 |
| Next Low | 180.816 |
| 2nd Low | 180.801 |
| 3rd Low | 180.49 |
181.787 – 182.169 – 182.294 – 180.816 – 181.12 – 180.801 —
181.67000 – 181.93600 —
54.643813495068 – 56.595601108153 —
– —
181.787 – 1771351200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing – – – – – – – – –