EUR/JPY – 4H – BUY

The pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline up.

A continuation of the uptrend upwards to the next resistance at 182.005 is considered certain.

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

Also there is a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The currency 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 – 178.819 – 178.228 – 179.765 – 178.97 – 175.697 —
180.85400 – 180.97200 —
49.103195819191 – 57.054198509859 —
– —
182.00500 – 1763654400

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