EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 163.01500 is expected.
Caution: A possible trend reversal in the direction of the support level at could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.
In addition a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.51800 |
| 2nd High | 164.01600 |
| Next High | 163.01500 |
| Current Price | 162.61400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
163.01500 – 162.48500 – 162.94800 – 161.59100 – 162.37600 – 163.45200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji