EUR/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 173.492 will persist.

Caution: A possible trend reversal in the direction of support at 172.504 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. this is a bullish pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).

173.492 – 173.447 – 173.442 – 173.462 – 172.504 – 172.307 — 60.443648201093 – 61.251817805758 — 82.044883270945 – 89.424763558111 – 86.027474878991 – 84.96235616075

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – –