EUR/JPY – 30M – BUYThe combination Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 185.035 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 183.924 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Tri-Star’ candlestick pattern is found. The candles show ‘Bullish Tri-Star’. this 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 | 187.82 |
| 2nd High | 187.554 |
| Next High | 185.035 |
| Current Price | 184.46600 |
| Next Low | 183.924 |
| 2nd Low | 183.787 |
| 3rd Low | 183.487 |
184.234 – 184.163 – 183.882 – 183.924 – 183.787 – 183.91 —
184.18900 – 184.46500 —
62.493341413207 – 75.13594518785 —
– —
184.234 – 1778184000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Tri-Star – – – – – – – – –