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 line at 180.598 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 180.132 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

180.598 – 180.64 – 181.268 – 180.132 – 180.189 – 180.523 —
180.49600 – 180.57300 —
51.371686905269 – 55.92235892928 —
– —
180.59800 – 1764617400

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