EUR/JPY – 30M – SELLThe currency pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards
A descent downwards to the next support level at 179.78 will continue.
Caution: A possible trend reversal in the direction of the resistance level at is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 180.07500 |
| Next Low | 179.78 |
| 2nd Low | 179.598 |
| 3rd Low | 179.346 |
180.018 – 180.014 – 179.714 – 179.78 – 179.598 – 179.346 —
180.07400 – 180.16300 —
54.627818942838 – 54.602396246933 —
– —
180.01800 – 1763431200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double top chart pattern – – – –