EUR/JPY – 4H – BUY

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

A continuation of the upward movement up to the next resistance at is likely expected.

Caution: A possible counter-trend in the direction of the support level at 168.45600 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

169.85900 – 169.71100 – 167.61300 – 168.45600 – 167.90700 – 166.02800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Triple top chart pattern