The combination Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 185.035 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 182.039 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.
There is also a ‘Bullish Belt Hold’ candle pattern is detected. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.948 |
| 2nd High | 187.554 |
| Next High | 185.035 |
| Current Price | 183.70900 |
| Next Low | 182.039 |
| 2nd Low | 181.866 |
| 3rd Low | 180.816 |
185.035 – 184.402 – 184.583 – 182.039 – 183.16 – 182.637 —
183.46100 – 183.75600 —
34.199612010491 – 44.567357467843 —
– —
185.035 – 1778047200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – – – – – – – – –