EUR/JPY – 30M – BUY

And also a ‘Double bottom chart pattern’ chart formation is found. The chart shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The pair is likely to go up.

The combination Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance line at will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 165.37800 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 165.809 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

165.80900 – 165.45600 – 165.16600 – 165.37800 – 164.62100 – 164.54900

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji