EUR/JPY – 30M – BUYThe combination Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 173.409 is expected.
Caution: A possible counter-trend in the direction of the support line at 172.488 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
There is also a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 173.409 |
| Current Price | 173.75300 |
| Next Low | 172.488 |
| 2nd Low | 171.234 |
| 3rd Low | 171.113 |
173.264 – 173.21 – 173.409 – 172.488 – 172.714 – 172.751 — 69.547342883382 – 73.722339508533 — 88.686913414872 – 87.594176473078 – 88.028489350314 – 86.851272236484
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – –