Buy EUR/JPY – 30M – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline up.

A continuation of the uptrend upwards to the next resistance at 163.75200 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 162.12200 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. 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 164.18100
2nd High 164.17500
Next High 163.75200
Current Price 163.28500
Next Low 162.12200
2nd Low 161.85900
3rd Low 161.83600

163.75200 – 163.14700 – 162.38300 – 162.12200 – 161.85900 – 161.83600

Download EUR/JPY Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals