EUR/JPY – 1H – BUYAlso there is a ‘Hammer’ candle chart pattern is discovered. The chart shows ‘Hammer’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.89900 |
| 2nd High | 164.54500 |
| Next High | 163.80500 |
| Current Price | 163.37100 |
| Next Low | 163.20600 |
| 2nd Low | 161.38200 |
| 3rd Low | 160.89500 |