EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline upwards

A continuation of the upward movement up to the next resistance at 182.005 will persist.

Caution: A possible counter-trend in the direction of the support zone at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 182.005 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 182.005 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

182.005 – 181.726 – 180.996 – 181.013 – 180.6 – 179.773 —
181.64000 – 181.61600 —
50.968748499931 – 46.204404692688 —
– —
182.00500 – 1763656200

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