EUR/JPY – 1H – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 180.288 is likely expected.
Caution: A possible change in the direction of support at 179.598 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Northern Doji’ candle pattern is existing. The candles form ‘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 | 180.288 |
| Current Price | 180.11300 |
| Next Low | 179.598 |
| 2nd Low | 178.97 |
| 3rd Low | 177.733 |
180.288 – 180.018 – 179.968 – 179.598 – 178.97 – 177.733 —
180.13700 – 180.02200 —
55.20302198995 – 48.186733651156 —
– —
180.28800 – 1763496000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – –