EUR/JPY – 4H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The combination Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline down.
The bearish trend down to the next support level at 168.45600 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 172.59800 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 172.59800 |
| Current Price | 172.23800 |
| Next Low | 168.45600 |
| 2nd Low | 167.90700 |
| 3rd Low | 166.02800 |
172.59800 – 169.85900 – 169.71100 – 168.45600 – 167.90700 – 166.02800 — 59.777185808614 – 59.085635545211 — 19.323259403688 – 13.412949874076 – 30.407194680322 – 23.639612296343
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Rising Wedge Chart Pattern – –