EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards

The bullish trend upwards to the next resistance level at 169.65700 will continue.

Caution: A possible counter-trend in the direction of the support level at 168.45600 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. 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).

169.65700 – 169.85900 – 169.64400 – 168.45600 – 168.70300 – 169.17800

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