EUR/JPY – 4H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 184.422 will continue.
Caution: A possible counter-trend in the direction of the support line at 182.807 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI Bullish Divergence’ indicator signal is existing. The indicator shows ‘StochRSI Bullish Divergence’. In der Regel bedeutet das ein negatives chart scenario. Das Paar wird voraussichtlich nach unten gehen.
And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
And also a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 184.918 |
| Next High | 184.422 |
| Current Price | 183.28400 |
| Next Low | 182.807 |
| 2nd Low | 181.565 |
| 3rd Low | 180.091 |
184.422 – 184.918 – 183.153 – 182.807 – 183.412 – 183.283 —
183.23000 – 182.93300 —
42.56688584826 – 42.193599752194 —
– —
184.42200 – 1767326400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –