EUR/JPY – 4H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 184.24 is expected.
Caution: A possible trend reversal in the direction of the support level at 182.586 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Harami Cross’ chart pattern is existing. The chart shows ‘Bearish Harami Cross’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.689 |
| 2nd High | 184.653 |
| Next High | 184.24 |
| Current Price | 186.06700 |
| Next Low | 182.586 |
| 2nd Low | 182.045 |
| 3rd Low | 181.866 |
184.24 – 184.653 – 184.599 – 182.586 – 182.045 – 181.866 —
185.21200 – 186.22600 —
65.491385841488 – 76.741974426316 —
– —
184.24 – 1775059200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Harami Cross – – – – – – – – –