EUR/JPY – 30M – BUY

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

A bullish trend upwards to the next resistance line at 185.035 is certain.

Caution: A possible counter-trend in the direction of the support zone at 182.039 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The pair is likely to go up.

Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

185.035 – 184.031 – 184.402 – 182.039 – 184.508 – 183.661 —
183.71000 – 183.86500 —
43.42446426905 – 47.848023343018 —
– —
185.035 – 1778047200

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