EUR/JPY – 1H – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 172.67000 will continue.
Caution: A possible change in the direction of the support level at 171.82300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 172.69800 |
| Next High | 172.67000 |
| Current Price | 172.48500 |
| Next Low | 171.82300 |
| 2nd Low | 171.11200 |
| 3rd Low | 170.96400 |
172.67000 – 172.36000 – 172.69800 – 171.82300 – 171.11200 – 171.99200 — 58.391684041861 – 59.530234616171 — 76.665107510879 – 87.883942112798 – 67.425928288283 – 76.86779776332
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – –