EUR/JPY – 1H – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 183.685 is certain.
Caution: A possible change in the direction of support at 182.099 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 184.326 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 183.685 could occur.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. 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 | 186.869 |
| Next High | 183.685 |
| Current Price | 183.31800 |
| Next Low | 182.099 |
| 2nd Low | 181.783 |
| 3rd Low | 181.565 |
183.685 – 186.869 – 185.536 – 182.099 – 181.783 – 184.802 —
182.96800 – 183.03900 —
39.895707835259 – 43.87831147793 —
– —
183.68500 – 1769504400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –