EUR/JPY – 1H – BUY

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

A bullish movement up to the next resistance at 184.63 will persist.

Caution: A possible counter-trend in the direction of the support level at 183.452 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish 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).

184.63 – 185.568 – 185.534 – 183.452 – 183.86 – 184.174 —
183.78800 – 183.68300 —
27.251138134138 – 34.030582322302 —
– —
184.63000 – 1768471200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –