EUR/JPY – 1H – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 172.906 is certain.
Caution: A possible counter-trend in the direction of the support level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.
Besides a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 173.653 |
| Next High | 172.906 |
| Current Price | 172.79900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
172.906 – 173.653 – 171.788 – 172.307 – 172.13 – 173.064 — 59.703799596621 – 63.841023940186 — 94.814469802826 – 100 – 69.492919128353 – 87.730976018981
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – –