Buy EUR/JPY – 1H – BUY

The combination Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline downwards

The bearish trend downwards to the next support at 156.17400 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 158.65400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bullish Tri-Star’ candlestick chart pattern is existing. The chart shows ‘Bullish Tri-Star’. 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 likelyhood of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).

Support & Resistance Price Range*
3rd High 160.33800
2nd High 158.89000
Next High 158.65400
Current Price 158.24900
Next Low 156.17400
2nd Low 156.04200
3rd Low 155.14800

Download EUR/JPY Signal Image

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