EUR/JPY – 30M – BUYThe combination Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline up.
A continuation of the upward movement up to the next resistance at 183.381 is expected.
Caution: A possible trend reversal in the direction of the support zone at could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.643 |
| 2nd High | 183.607 |
| Next High | 183.381 |
| Current Price | 183.29100 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
183.381 – 183.607 – 183.643 – 183.009 – 182.807 – 183.709 —
183.10600 – 183.17100 —
39.958923702786 – 48.287011849129 —
– —
183.38100 – 1767729600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –