EUR/JPY – 4H – BUYThe pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 182.005 is expected.
Caution: A possible change in the direction of the support line at 179.765 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | |
| 2nd High | |
| Next High | 182.005 |
| Current Price | 181.38700 |
| Next Low | 179.765 |
| 2nd Low | 178.97 |
| 3rd Low | 175.697 |
182.005 – 178.819 – 178.228 – 179.765 – 178.97 – 175.697 —
180.58800 – 181.24600 —
44.51356849849 – 57.063316453006 —
– —
182.00500 – 1763654400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –