Buy EUR/JPY – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 163.933 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 163.93300 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 164.51800
2nd High 164.01600
Next High 163.93300
Current Price 163.42400
Next Low 162.37800
2nd Low 161.59100
3rd Low 161.15300

163.93300 – 163.01500 – 162.48500 – 162.37800 – 161.59100 – 162.37600

Download EUR/JPY Signal Image

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