EUR/JPY – 30M – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 177.853 is likely expected.
Caution: A possible change in the direction of the support zone at 177.18 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 177.853 |
| Current Price | 177.53300 |
| Next Low | 177.18 |
| 2nd Low | 176.894 |
| 3rd Low | 175.782 |
177.853 – 177.454 – 176.341 – 177.18 – 176.894 – 175.782 —
54.665562972176 – 57.226585579646 —
69.473779221951 – 61.799350121852 – 84.059960036762 – 71.371903176307
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – –