Buy EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline downwards

A bearish trend downwards to the next support level at 156.17400 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 157.98100 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

Support & Resistance Price Range*
3rd High 158.89000
2nd High 158.63300
Next High 157.98100
Current Price 157.27800
Next Low 156.17400
2nd Low 156.04200
3rd Low 155.14800

Download EUR/JPY Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals