EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 172.906 is likely expected.
Caution: A possible change in the direction of the support level at 172.307 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.906 |
| 2nd High | 173.653 |
| Next High | 172.906 |
| Current Price | 172.87400 |
| Next Low | 172.307 |
| 2nd Low | 171.234 |
| 3rd Low | 171.113 |
172.906 – 172.741 – 172.674 – 172.307 – 172.488 – 172.714 — 70.248234343615 – 70.818294687837 — 99.888442659527 – 100 – 97.215316291621 – 98.589065255732
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – –