EUR/JPY – 30M – SELLThe combination Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline downwards
A bearish trend down to the next support at 184.802 is certain.
Caution: A possible counter-trend in the direction of resistance at 185.436 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 185.536 |
| 2nd High | 185.438 |
| Next High | 185.436 |
| Current Price | 185.52800 |
| Next Low | 184.802 |
| 2nd Low | 183.767 |
| 3rd Low | 183.482 |
185.436 – 185.438 – 185.536 – 184.802 – 184.818 – 183.767 —
185.55900 – 185.70200 —
68.630109810662 – 64.898373973435 —
– —
185.43600 – 1769013000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –