EUR/JPY – 30M – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 180.014 will continue.
Caution: A possible change in the direction of the support level at 179.346 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candle pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 180.014 |
| Current Price | 179.94400 |
| Next Low | 179.346 |
| 2nd Low | 179.26 |
| 3rd Low | 178.97 |
180.014 – 179.714 – 179.968 – 179.346 – 179.26 – 178.97 —
179.90100 – 179.91300 —
57.18611453647 – 59.32165727304 —
– —
180.01400 – 1763400600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing – Double top chart pattern – – – –