EUR/JPY – 30M – BUY

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

A continuation of the upward movement up to the next resistance at 167.58500 is expected.

Caution: A possible change in the direction of the support zone at 166.02800 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

167.31300 – 167.05300 – 167.04700 – 166.02800 – 166.32000 – 166.69900

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