Buy EUR/JPY – 4H – BUY

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

A descending movement down to the next support line at will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 163.75200 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

There is also a ‘Shooting Star’ chart pattern is discovered. The candles show ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

Support & Resistance Price Range*
3rd High 164.18100
2nd High 164.17500
Next High 163.75200
Current Price 161.92200
Next Low
2nd Low
3rd Low

163.75200 – 162.66700 – 162.63200 – 160.97900 – 161.23900 – 161.28900

Download EUR/JPY Signal Image

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