EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 172.11600 will persist.
Caution: A possible counter-trend in the direction of the support level at 171.50900 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bullish Belt Hold’ candle pattern is existing. The chart shows ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 172.67000 |
| 2nd High | 172.65900 |
| Next High | 172.11600 |
| Current Price | 171.81400 |
| Next Low | 171.50900 |
| 2nd Low | 171.32400 |
| 3rd Low | 171.32300 |
172.11600 – 172.00100 – 172.65900 – 171.50900 – 171.32400 – 171.32300 — 52.901246316822 – 59.875746630288 — 87.994130847575 – 87.994130847575 – 93.357364599046 – 90.074227515968
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – Rising Wedge Chart Pattern – –