The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 184.402 will persist.
Caution: A possible counter-trend in the direction of the support zone at 183.16 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.554 |
| 2nd High | 184.583 |
| Next High | 184.402 |
| Current Price | 183.49300 |
| Next Low | 183.16 |
| 2nd Low | 182.637 |
| 3rd Low | 182.282 |
184.402 – 184.583 – 187.554 – 183.16 – 182.637 – 182.282 —
184.60600 – 184.93400 —
64.744506358124 – 24.445996160585 —
– —
184.402 – 1777874400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –