EUR/JPY – 30M – BUY

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

A bullish trend up to the next resistance level at 183.318 will persist.

Caution: A possible change in the direction of support at 182.807 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

183.318 – 184.061 – 184.422 – 182.807 – 183.709 – 183.534 —
183.23100 – 183.34700 —
48.068324621545 – 53.383725967846 —
– —
183.31800 – 1767634200

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