EUR/JPY – 30M – BUYMoreover a ‘Double top retreat up’ chart layout is existing. The chart shows ‘Double top retreat up’. which is a bullish signal. The pair is likely to go up.
The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline up.
An ascent up to the next resistance at 169.65700 is certain.
Caution: A possible change in the direction of the support level at 168.70300 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 169.85900 |
| Next High | 169.65700 |
| Current Price | 168.84100 |
| Next Low | 168.70300 |
| 2nd Low | 168.62400 |
| 3rd Low | 168.55300 |
169.65700 – 169.85900 – 169.64400 – 168.70300 – 169.17800 – 168.62400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double top retreat up