EUR/JPY – 1H – BUYThe pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 183.38400 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 182.367 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 184.689 |
| Next High | 183.38400 |
| Current Price | 183.19600 |
| Next Low | 182.367 |
| 2nd Low | 182.112 |
| 3rd Low | 182.024 |
183.38400 – 183.261 – 183.087 – 182.367 – 182.112 – 182.372 —
183.38400 – 183.04100 —
63.573020586174 – 53.702115199715 —
183.38400 – 1772838000 —
– 1772838000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – – – – – – – – –