EUR/JPY – 30M – BUYFurthermore a ‘Double top retreat up’ chart formation is found. The formation shows ‘Double top retreat up’. which is a positive chart scenario. The pair is likely to go up.
The pair Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline up.
A bullish movement upwards to the next resistance at 169.65700 will continue.
Caution: A possible trend reversal in the direction of the support level at 168.70300 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 169.85900 |
| Next High | 169.65700 |
| Current Price | 168.84100 |
| Next Low | 168.70300 |
| 2nd Low | 168.62400 |
| 3rd Low | 168.55300 |
169.65700 – 169.85900 – 169.64400 – 168.70300 – 169.17800 – 168.62400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double top retreat up