EUR/JPY – 30M – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 167.21100 is certain.
Caution: A possible counter-trend in the direction of the support level at 165.92400 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Besides a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 167.21100 |
| Current Price | 166.99300 |
| Next Low | 165.92400 |
| 2nd Low | 164.93400 |
| 3rd Low | 164.62100 |
167.21100 – 166.87100 – 166.58700 – 165.92400 – 164.93400 – 165.49200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji