EUR/JPY – 30M – BUY

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

A bullish trend upwards to the next resistance line at 181.268 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 180.093 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Furthermore a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

181.268 – 181.515 – 181.306 – 180.523 – 180.832 – 180.751 —
180.86500 – 180.43700 —
32.434616093603 – 30.859953747624 —
– —
181.26800 – 1764360000

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