EUR/JPY – 4H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 168.45600 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair could go down.

Additionally a ‘Northern Doji’ 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

169.85900 – 169.71100 – 167.61300 – 168.45600 – 167.90700 – 166.02800 — 60.770532318403 – 60.693293750416

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