Buy EUR/JPY – 1H – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards

An ascent up to the next resistance line at 184.402 will continue.

Caution: A possible trend reversal in the direction of the support line at 183.16 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 184.918 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 184.402 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Support & Resistance Price Range*
3rd High 187.554
2nd High 184.583
Next High 184.402
Current Price 183.60600
Next Low 183.16
2nd Low 182.637
3rd Low 182.282

184.402 – 184.583 – 187.554 – 183.16 – 182.637 – 182.282 —
184.73000 – 183.60800 —
67.889297778489 – 29.603003440902 —
– —
184.402 – 1777874400

Trading Signals:

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