EUR/JPY – 30M – BUY

The pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline down.

A bearish trend down to the next support at 162.01900 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 163.32700 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 162.8055 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 163.32700 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

163.32700 – 163.75200 – 163.14700 – 162.01900 – 162.88700 – 162.12200

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji