EUR/JPY – 4H – BUYThe pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 164.63200 will persist.
Caution: A possible trend reversal in the direction of support at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.
Furthermore a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 164.63200 |
| Current Price | 162.77900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
164.63200 – 163.75200 – 162.66700 – 161.70300 – 160.97900 – 161.23900
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers