The combination Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 181.268 is certain.
Caution: A possible reversal of the trend in the direction of support at 180.189 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 181.652 |
| 2nd High | 181.515 |
| Next High | 181.268 |
| Current Price | 180.56800 |
| Next Low | 180.189 |
| 2nd Low | 180.093 |
| 3rd Low | 179.765 |
181.268 – 181.515 – 181.306 – 180.189 – 180.523 – 180.832 —
180.31700 – 180.42700 —
24.356985935944 – 34.333430119313 —
– —
181.26800 – 1764360000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –