EUR/JPY – 4H – BUY

The combination Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline up.

A continuation of the upward movement upwards to the next resistance level at 182.005 will continue.

Caution: A possible change in the direction of the support level at 179.765 could occur.
Consider stop-loss settings accordingly.

In addition a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 182.005 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 182.005 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

182.005 – 178.819 – 178.228 – 179.765 – 178.97 – 175.697 —
180.78900 – 180.95400 —
52.724351353345 – 49.459334966329 —
– —
182.00500 – 1763654400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double top retreat up – – – – – – – –