EUR/JPY – 30M – BUY

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

The bullish trend up to the next resistance level at 184.613 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 184.871 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 184.613 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

184.613 – 184.677 – 185.568 – 184.174 – 184.284 – 185.064 —
184.53400 – 184.46700 —
49.836411024239 – 46.032603842319 —
– —
184.61300 – 1768453200

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