EUR/JPY – 4H – BUYFurthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.
Furthermore a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 164.18100 |
| Next High | 163.36000 |
| Current Price | 162.05000 |
| Next Low | 161.36600 |
| 2nd Low | 160.73200 |
| 3rd Low | 160.05100 |
163.36000 – 163.02200 – 164.18100 – 161.36600 – 160.73200 – 160.05100
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up