EUR/JPY – 30M – 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 173.906 will persist.
Caution: A possible change in the direction of support at 173.462 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive 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 | |
| Next High | 173.906 |
| Current Price | 173.82900 |
| Next Low | 173.462 |
| 2nd Low | 172.504 |
| 3rd Low | 172.307 |
173.492 – 173.447 – 173.442 – 173.462 – 172.504 – 172.307 — 55.738946043724 – 62.494883123565 — 30.950015556416 – 33.142479630037 – 51.256067313462 – 39.372042807521
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – –