EUR/JPY – 30M – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 180.018 is considered certain.
Caution: A possible change in the direction of the support line at 179.598 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 180.018 |
| Current Price | 179.94800 |
| Next Low | 179.598 |
| 2nd Low | 179.346 |
| 3rd Low | 179.26 |
180.018 – 180.014 – 179.714 – 179.598 – 179.346 – 179.26 —
179.95600 – 180.00600 —
55.648682547788 – 50.341591432497 —
– —
180.01800 – 1763431200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – – – –