EUR/JPY – 30M – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline upwards
The bullish trend up to the next resistance line at 183.23 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 182.707 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘StochOSC Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘StochOSC Hidden Bullish Divergence’. chart scenario.
And also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.381 |
| 2nd High | 183.369 |
| Next High | 183.23 |
| Current Price | 183.06700 |
| Next Low | 182.707 |
| 2nd Low | 182.196 |
| 3rd Low | 181.565 |
183.23 – 183.369 – 183.381 – 182.707 – 183.006 – 183.009 —
183.14800 – 183.03500 —
57.394540800931 – 45.248926485644 —
– —
183.23000 – 1767810600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –