EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 163.01500 is certain.
Caution: A possible reversal of the trend in the direction of the support line at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
There is also a ‘Bullish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.51800 |
| 2nd High | 164.01600 |
| Next High | 163.01500 |
| Current Price | 162.77000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
163.01500 – 162.48500 – 162.94800 – 162.37800 – 161.59100 – 162.37600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold