EUR/JPY – 1H – BUYAdditionally a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The 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).
Additionally a ‘Double top chart pattern’ chart formation is existing. The formation shows ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.21100 |
| 2nd High | 163.41100 |
| Next High | 162.74700 |
| Current Price | 162.01500 |
| Next Low | 161.80300 |
| 2nd Low | 161.59100 |
| 3rd Low | 161.15300 |
162.74700 – 163.41100 – 163.30100 – 161.80300 – 162.66000 – 162.41100
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji