EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline upwards
An ascending movement upwards to the next resistance level at 163.97400 is expected.
Caution: A possible change in the direction of the support level at 163.10800 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candle chart pattern is found. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.41800 |
| 2nd High | 165.02900 |
| Next High | 163.97400 |
| Current Price | 162.40600 |
| Next Low | 163.10800 |
| 2nd Low | 162.26000 |
| 3rd Low | 161.99400 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers