Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline downwards
A bearish descent down to the next support level at 183.178 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 184.333 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.689 |
| 2nd High | 184.611 |
| Next High | 184.333 |
| Current Price | 183.82300 |
| Next Low | 183.178 |
| 2nd Low | 182.045 |
| 3rd Low | 181.866 |
184.333 – 182.989 – 183.428 – 183.178 – 183.534 – 182.045 —
184.08900 – 183.99000 —
49.423598378453 – 52.589746504179 —
– —
184.333 – 1774240200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –