EUR/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance line at will persist.

Caution: A possible counter-trend in the direction of support at 179.598 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Also there is a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The 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).

180.018 – 179.968 – 178.741 – 179.598 – 178.97 – 177.733 —
180.19800 – 180.13700 —
59.915326523535 – 55.203022079194 —
– —
180.01800 – 1763431200

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