EUR/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 186.895 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 186.963 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Tri-Star’ candle pattern is existing. The chart shows ‘Bullish Tri-Star’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.361 |
| 2nd High | 187.32 |
| Next High | 186.963 |
| Current Price | 186.65000 |
| Next Low | 186.429 |
| 2nd Low | 186.285 |
| 3rd Low | 186.112 |
186.963 – 187.32 – 187.361 – 186.429 – 186.552 – 186.988 —
186.62500 – 186.65000 —
48.671529385946 – 51.824801644265 —
– —
186.963 – 1776938400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Tri-Star – – – – – – – – –