EUR/JPY – 30M – BUYThe combination Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 172.11600 is certain.
Caution: A possible counter-trend in the direction of the support zone at 171.50900 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 172.67000 |
| 2nd High | 172.65900 |
| Next High | 172.11600 |
| Current Price | 171.69100 |
| Next Low | 171.50900 |
| 2nd Low | 171.32400 |
| 3rd Low | 171.32300 |
172.11600 – 172.00100 – 172.65900 – 171.50900 – 171.32400 – 171.32300 — 44.746372066896 – 49.950528978976 — 43.77887556837 – 67.401158706224 – 31.18982806949 – 45.380843283762
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – –