EUR/JPY – 30M – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline upwards

A continuation of the bullish trend up to the next resistance line at is expected.

Caution: A possible reversal of the trend in the direction of the support level at 179.773 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

180.288 – 180.018 – 180.014 – 179.773 – 179.78 – 179.598 —
180.90900 – 180.90100 —
77.271413107388 – 57.836614979013 —
– —
180.28800 – 1763496000

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