EUR/JPY – 1H – BUYThe combination Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 184.181 will persist.
Caution: A possible trend reversal in the direction of the support zone at 181.988 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.232 |
| 2nd High | 185.995 |
| Next High | 184.181 |
| Current Price | 184.67000 |
| Next Low | 181.988 |
| 2nd Low | 180.816 |
| 3rd Low | 180.801 |
184.181 – 182.806 – 183.096 – 181.988 – 182.169 – 182.218 —
183.52700 – 184.27300 —
56.411515584392 – 70.934861739685 —
– —
184.181 – 1771927200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – Double top retreat up – – – – – – – –