EUR/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 180.885 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 181.652 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 182.005 |
| Next High | 181.652 |
| Current Price | 180.30200 |
| Next Low | 179.765 |
| 2nd Low | 179.598 |
| 3rd Low | 179.346 |
181.652 – 182.005 – 181.726 – 179.765 – 180.296 – 181.013 —
180.15800 – 180.27700 —
34.658131771909 – 41.402081397212 —
– —
181.65200 – 1763697600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –