EUR/JPY – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 180.696828 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 180.996 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Tweezers Top’ candlestick pattern is found. The chart shows ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 180.996 |
| Current Price | 180.91300 |
| Next Low | 180.60000 |
| 2nd Low | 179.773 |
| 3rd Low | 179.598 |
180.996 – 180.288 – 180.018 – 180.60000 – 179.773 – 179.78 —
180.73000 – 180.90700 —
58.389614589061 – 63.777763254429 —
180.60000 – 1763575200 —
180.99600 – 1763571600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – – – –