EUR/JPY – 1H – BUY

The pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance line at 183.153 is expected.

Caution: A possible counter-trend in the direction of the support line at 182.218 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

183.153 – 182.539 – 181.787 – 182.218 – 182.008 – 180.816 —
182.98600 – 183.09600 —
63.864548450688 – 48.94760789036 —
– —
183.153 – 1771488000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –