EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 177.853 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 177.18 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 177.853 |
| Current Price | 177.59800 |
| Next Low | 177.18 |
| 2nd Low | 176.894 |
| 3rd Low | 175.782 |
177.853 – 177.454 – 176.341 – 177.18 – 176.894 – 175.782 —
52.811760265907 – 55.81289618029 —
43.199326730109 – 23.451155564187 – 55.105911400942 – 39.214843536149
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Head and Shoulder chart pattern – –