EUR/JPY – 1H – BUYThe combination Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 185.035 is considered certain.
Caution: A possible change in the direction of the support zone at 182.039 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.948 |
| 2nd High | 187.554 |
| Next High | 185.035 |
| Current Price | 183.70500 |
| Next Low | 182.039 |
| 2nd Low | 181.866 |
| 3rd Low | 180.816 |
185.035 – 184.402 – 184.583 – 182.039 – 183.16 – 182.637 —
183.71000 – 183.78000 —
41.181083167572 – 45.892939617285 —
– —
185.035 – 1778047200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – – – – – – – – –