EUR/JPY – 30M – BUYFurthermore a ‘Falling Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Falling Wedge Chart Pattern’. which is a positive pattern signal. The pair is likely to go up.
The combination Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 167.05300 is certain.
Caution: A possible counter-trend in the direction of the support zone at is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 167.61300 |
| 2nd High | 167.58500 |
| Next High | 167.05300 |
| Current Price | 166.69800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
167.05300 – 167.04700 – 167.58500 – 166.69900 – 166.97100 – 165.92400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji