EUR/JPY – 1H – BUY

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

A bullish movement up to the next resistance line at 183.246 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 182.707 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

183.246 – 183.23 – 183.643 – 182.707 – 182.807 – 183.709 —
183.15600 – 182.93300 —
53.664860702538 – 47.157227876962 —
– —
183.24600 – 1767844800

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