EUR/JPY – 30M – BUY

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

The bullish trend upwards to the next resistance at 181.652 is expected.

Caution: A possible counter-trend in the direction of the support line at 180.093 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

There is also a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

180.85 – 180.854 – 181.652 – 180.093 – 180.648 – 179.765 —
180.95400 – 180.83300 —
69.561686014219 – 55.498041011096 —
– —
180.85000 – 1764081000

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