EUR/JPY – 1H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 172.906 will persist.
Caution: A possible counter-trend in the direction of support at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 173.653 |
| Next High | 172.906 |
| Current Price | 173.00000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
172.906 – 173.653 – 171.788 – 172.307 – 172.13 – 173.064 — 61.466490659413 – 68.343271999832 — 87.961022064777 – 90.443455991374 – 93.583359470373 – 91.225322776363
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double bottom retreat down – –