EUR/JPY – 30M – BUY

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

A bullish trend up to the next resistance level at 180.85 is certain.

Caution: A possible trend reversal in the direction of the support level at could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.

Moreover a ‘%K crosses above %D’ indicator signal is found. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.

Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).

180.85 – 180.854 – 181.652 – 180.093 – 180.648 – 179.765 —
180.65800 – 180.50000 —
55.429335993442 – 47.584474103603 —
– —
180.85000 – 1764081000

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