EUR/JPY – 30M – BUYMoreover a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 182.9325 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 183.739 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Harami’ candlestick chart pattern is discovered. The chart shows ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.869 |
| 2nd High | 183.766 |
| Next High | 183.739 |
| Current Price | 183.32300 |
| Next Low | 183.082 |
| 2nd Low | 182.57 |
| 3rd Low | 182.099 |
183.739 – 183.572 – 183.766 – 183.082 – 182.57 – 182.761 —
183.55400 – 183.33800 —
53.916780085006 – 46.082955652191 —
– —
183.73900 – 1769677200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Harami – – – – – – – – –