EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 158.65400 will continue.
Caution: A possible trend reversal in the direction of the support zone at 156.97900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish SBS White Lines’ candle pattern is discovered. The chart shows ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.97600 |
| 2nd High | 158.89000 |
| Next High | 158.65400 |
| Current Price | 158.29400 |
| Next Low | 156.97900 |
| 2nd Low | 156.17400 |
| 3rd Low | 156.04200 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish SBS White Lines