EUR/JPY – 30M – BUY

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 185.092492 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 185.568 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘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).

185.568 – 185.567 – 185.534 – 185.064 – 184.257 – 183.644 —
184.48900 – 184.45600 —
27.010098014611 – 35.556028201386 —
– —
185.56800 – 1768379400

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