EUR/JPY – 1H – BUY

There is also a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

There is also a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.

162.64800 – 162.54000 – 163.75200 – 161.71200 – 162.01900 – 161.83600

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji