The pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 183.573 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 182.978 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.
Also there is a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.683 |
| 2nd High | 183.645 |
| Next High | 183.573 |
| Current Price | 183.68200 |
| Next Low | 182.978 |
| 2nd Low | 182.815 |
| 3rd Low | 181.866 |
183.573 – 183.542 – 183.238 – 182.978 – 182.815 – 182.925 —
183.40900 – 183.61200 —
53.904059412732 – 56.82438661989 —
– —
183.573 – 1773804600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – – – – – – – – –