The combination Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 185.952 is likely expected.
Caution: A possible change in the direction of support at 185.192 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘StochRSI Hidden Bullish Divergence’. chart signal.
Then a ‘Three Outside Up’ candle chart pattern is existing. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.554 |
| 2nd High | 186.201 |
| Next High | 185.952 |
| Current Price | 185.90400 |
| Next Low | 185.192 |
| 2nd Low | 184.653 |
| 3rd Low | 184.6 |
185.952 – 185.552 – 185.468 – 185.192 – 185.249 – 184.653 —
185.98400 – 185.82300 —
63.25141624856 – 47.771243285585 —
– —
185.952 – 1781510400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – – – – – – – – –