EUR/JPY – 30M – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards

The bullish trend upwards to the next resistance line at 181.266 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 180.751 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

181.266 – 181.458 – 181.261 – 180.751 – 180.904 – 180.346 —
181.05100 – 181.23200 —
44.875512667875 – 55.326191206768 —
– —
181.26600 – 1764239400

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