EUR/JPY – 30M – BUYThe combination Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 183.64700 is certain.
Caution: A possible change in the direction of the support zone at 182.822 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Latter Bottom’ candlestick pattern is detected. The chart shows ‘Latter Bottom’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 184.653 |
| Next High | 183.64700 |
| Current Price | 183.44000 |
| Next Low | 182.822 |
| 2nd Low | 182.586 |
| 3rd Low | 182.045 |
183.64700 – 183.574 – 184.653 – 182.822 – 182.586 – 183.862 —
183.64700 – 183.46500 —
52.74186300667 – 57.065400360433 —
183.64700 – 1774978200 —
– 1774978200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Latter Bottom – – – – – – – – –