EUR/JPY – 30M – BUYBesides a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a positive signal. The pair is likely to go up.
The pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 167.05300 will persist.
Caution: A possible change in the direction of the support level at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.
Besides a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘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 success rate of a ‘Northern Doji’ going 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 | 166.74000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
167.05300 – 167.04700 – 167.58500 – 166.02800 – 166.32000 – 166.69900
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji